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Elliott Waves Insights: Tesla’s Roadmap to SuccessHello friends, let's analyze Tesla's chart using theory. This is a 4-hour chart where we can clearly see that the higher degree, primary degree wave ((3)) in black has been completed. Currently, we're on the verge of completing wave ((4)) in black of the primary degree, which has three subdivisions marked in blue as (A), (B) & (C). (A) and (B) are completed, and (C) is near completion. Within (C), we have five subdivisions in red, of which 1, 2, 3, & 4 are completed, and the 5th is also more than 60% complete. Once the red fifth is complete, it will mark the end of blue (C) and primary degree wave ((4)) in black. As soon as wave ((4)) is complete, we can expect a reversal, which should be wave ((5)). Which should cross the high of wave ((3)) which is ATH, So, we're expecting wave ((5)) to start move upwards. Now, friends, what's the invalidation level for this view? It's $139.20. This is a level that wave ((4)) should not cross, as it's the low of black wave ((2)). According to theory, wave 2 cannot retrace more than 100% of wave 1, wave 3 cannot be the shortest in impulse, and wave 4 cannot enter the territory of wave 1, which is here we’re witnessing in current scenario, which is considering we’re in any diagonal or triangle of higher degree. If wave ((4)) crosses $139.20, it will invalidate our view. We might be missing some dots to join or create the picture perfectly. Currently, the price is around $222, and we might see a small bounce before making a lower low possibly around $200. If we witness a divergence there, it could lead to a reversal. Please note that this study uses theory and structures, involves multiple possibilities, and focuses on one potential scenario. There's a risk of being completely wrong. This is for educational purposes only, and users should not trade or invest solely based on this study. I am not Sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Hope this post is helpful to community Thanks RK💕 Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com/u/RK_Charts/ is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NASDAQ:TSLALong
by RK_Chaarts
2
TSLA: Ready for a Space Trip?As per chart action we all can see that TSLA is now heading upwards journey. with TSLA now, umbrella company SPACEX is also doing good in its segment and TSLA is getting better opportunity to do manufacturing and enter in developing countries like india etc. Also with Giga Factory expansion and making New Tesla cell technology with that they can use that technology to take advantege in their new products also. With current price(260) with target of new high (around 420-440) and with SL of 140. It does not constitute and cannot replace investment advice. We therefore recommend that you contact your personal financial advisor before carrying out specific transactions and investments.
NASDAQ:TSLALong
by KelvinBhavsar
Tesla Inc Long Trade ideaTesla Inc Long Trade idea Buying levels: Best Buying/Accumulation Zone between 260 to 272 Stop loss below 254 1st Target 291 2nd Target 323 3rd Target 350 Disclaimer: I do not give any tips or buy sell recommendation I only teach trading strategies. These levels are purely based on Price action/demand and supply zones & and consumed only for educational purpose & should not be taken as buy/sell recommendation. I will not be responsible for any loss/profit incurred if anyone takes trades based on my view. Please consult your Financial Advisor before making any trading decision
NASDAQ:TSLALong
by sbkurandwad77
2
Elliott Wave Analysis of Tesla Bullish Perspective with CautionsHello Friends Here we had shared study of Elliott wave analysis for Tesla A bullish perspective with cautions, In the world of Elliott Wave theory, let's take a closer look at Tesla's chart. Here's what we found. On an intermediate degree, we've witnessed the completion of two waves, elegantly labeled as "Wave (1)" and "Wave (2)." Currently, the spotlight is on "Wave (3)," which tends to bring about significant market changes. Within Wave (3), we've ventured a step further by identifying "minor wave 1" of Wave (3). This delves into even greater detail, allowing us to see the inner workings of market dynamics. Zooming in even closer, we've navigated the world of "minute" degrees within "minor wave 1." This revealing sub-waves (i), (ii), (iii), and (iv), setting the stage for what's next - the anticipated "sub-wave (v). But that's not all. A promising development has occurred. Tesla has broken above the 0-B resistance trendline, signaling a potential shift in momentum and strengthening the case for a bullish scenario. In summary, the Elliott Wave analysis suggests a bullish outlook for Tesla, with the breakout above the 0-B resistance trendline serving as a confirmation. Long positions are an option, with target levels set at 400 and 500, and potentially more. However, caution is warranted, with an invalidation level set at 101.81. If Tesla's price were to drop below this level, it could indicate a different scenario - a potential double correction as double (a)-(b)-(c) which we can label as "W-X-Y" within "Wave (2). As always, no analysis is infallible, and surprises can still occur in the market. Risk management remains crucial. We'll eagerly await your further instructions to continue exploring Tesla's potential. I am not sebi registered analyst. My studies are for educational purpose only. Please Consult your financial advisor before trading or investing. I am not responsible for any kinds of your profits and your losses. Thanks RK💕 Most investors treat trading as a hobby because they have a full-time job doing something else. However, If you treat trading like a business, it will pay you like a business. If you treat like a hobby, hobbies don't pay, they cost you...! Disclaimer and Risk Warning. The analysis and discussion provided on in.tradingview.com is intended for educational purposes only and should not be relied upon for trading decisions. RK_Charts is not an investment adviser and the information provided here should not be taken as professional investment advice. Before buying or selling any investments, securities, or precious metals, it is recommended that you conduct your own due diligence. RK_Charts does not share in your profits and will not take responsibility for any losses you may incur. So Please Consult your financial advisor before trading or investing.
NASDAQ:TSLALong
by RK_Chaarts
1
Sell-off Exhausted | TeslaUS markets ( S&P 500 Index +0.3%) ended Wednesday in the green after a choppy session, perhaps exhausting the extreme sell-off sentiment from the previous day. The unexpected result from the US inflation report released on Tuesday had prompted speculation that stocks could start to head back to their June lows in reaction to a more aggressive Federal Reserve . Tesla (+3.4%) was one of NASDAQ’s best performers on Wednesday. TSLA’s rise places it back above $300 per share, a territory the stock fell below after Tuesday’s broad-market rout. Helping TSLA fend off broad investor pessimism is the company’s improving supply chains. On Monday, Tesla’s vice president of investor relations Martin Viecha spoke at the invite-only Goldman Sachs tech conference. Viecha noted that the company’s battery supply chains are the best they have ever been, and Tesla can now buy all the cells it needs, for both its vehicles and energy-storage products.
NASDAQ:TSLA
by BlackBull_Markets
Tesla (TSLA) | A great opportunity to invest🎯Hello traders, Tesla in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe. We preferred to do the logarithmic wave counting, but we left it out because the structure of the previous waves was not known. Based on the count that was done and according to the channeling, we realized that the main waves 1, 2, 3 and 4 have been formed and now we are inside the 5 main wave. From the main 5 wave, waves 1, 2 and 3 have ended, and now we are inside wave 4. At first we thought that wave 4 was zigzag , but then we reached the triangle. This triangle corrected wave 3 more than usual and the correction continued to Fibo 0.78 and the channel floor. We assume that this recent ascent was related to wave 1 of the main wave 5 because it has changed in terms of slope compared to the previous wave, and this trend was the correction side of wave 1, after which we will wait for the ascending trend. If the specified limit is broken downwards, the impulse structure is probably over and we are in a higher level correction. 🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏 ❤️Please, support this idea with a like and comment!❤️
NASDAQ:TSLALong
by mahdisoltaninjad