TL0 trade ideas
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💕
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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.
Can it’s time to buy Tesla??Its at Support side to came at 220$. I think it’s go up by & touch again @ 280$ again by it’s next Resistance l. Is purely on my technical chart basis plz support for analysis
Candlestick pattern: Bullish Triple FormationThe 'Bullish Triple Formation' is a pattern in which two large bullish candles appear, separated by three small bearish candles. These three bearish candles make new lows and are contained within the body of the first large bullish candle. This pattern occurs in an uptrend and is interpreted as a correction of the trend after an upward impulse, indicating a potential continuation of the bullish movement thereafter.
It's important to note that this pattern may have variations, as instead of three candles correcting the first large bullish candle, there can be two or more than three.
The reliability of this pattern is high; however, it is still a single signal that should be accompanied by others to increase the probability of success in our analysis.
Tesla FallTesla has formed a double top and probablity of target 266 on the cards. Trade with Stop loss
TSLA WAVE COUNTS#TSLA forming a good impulsive structure on a weekly timeframe from its low of 2010.
Where are we now?
We are in the 5th wave of parent wave (3) which must cross the level of previous high for
the counts to remain valid holding the level of 152.10.
We can see a target of 1.5X to 3X from here.
Trade at your own risk.
Regards.
TSLATSLA is in parallel channel and given BO above rectangle box
it has potential to touch upper edge of the channel
TSLATSLA back in Stage 2
Stage 2A :
- above all mas
- crossing resistance
- double bottom
- increasing volume
TSLA - Big Target BREAKING 200 EMAAny body wants Nasdaq Inv, Here my Strategy may give good risk free return.
Technical View on TSLA on Big upside Potential
Tesla long termTesla is going up before new to have pull back aroun 180 then you can buy option contracts for 2025
Buy Tesla For potential gains.Hi Guys whole corrective structure looks complete in Tesla. I'm expecting price to touch new highs by breaking previous highs. Also i have mentioned the same in my previous ideas that i'm attaching below.
Tesla next target 196$Looks like Tesla might test 196$ in the coming days based on support and resistance
BearishSee at 5 min TF u would get a better picture, and wait for price action for confirmation at 5 min TF
Double Bottom Pattern Formation #TESLATime Frame: 30 Min | Pattern: W Pattern | Entry: 201 | Take Profit: 13.74% | Stop Loss: Below Resistance line at 200
A W pattern has been identified on the 30-minute chart of Tesla (TSLA), with a confirmed breakout at 200.67. The pattern formation suggests an uptrend of 13.74%, which could serve as a take profit target. The entry point could be at 201, with a stop loss placed below the resistance line at 200, which has acted as a strong barrier in the past. Please note that this is a measurement idea, and past performance does not guarantee future results. As with any trade, it is important to manage risk and trade responsibly. Best of luck!
Tesla no trade zoneWait for conformation , RSI is not confirming the any directions.
See in chart we have marked strong selling zone and weak buying zone.
Currently stocks under presser has many resistance and weak support. We may get break out downside
TSLA Puts below $195I think TSLA will make its way down if we break below $195 support. If it doesn't make a higher low in this trading range (above $195 as support), this will go down to $150 again imo
We also are rejecting a 50% fibonacci on the daily (from recent high rejection, dragged to subsequent low (downward fib)
All my opinion.
Tesla LONGTesla as per present time a meaning full investment idea... if we observing the chart on monthly time chart we can see its make a pricing line which will be a cause of strong uptrend.. its take support on strong bottom support .. Nasdaq when go for up we can gain good with TESLA.
