Tesla Wave Trading Unlocked: Easy 30-Minute BreakdownI was all set for Tesla to move downward, but things didn’t go as planned. Now, I’m switching gears and ready to explore an exciting potential rally instead! I’m keeping a close watch as Tesla inches closer to those crucial resistance levels, especially the $272-$278 zone. Every resistance level is a new chance for us to take action, and I’m right here with you for each twist and turn. Together, we’ll see how Tesla responds—will it break through or meet resistance? Let’s dive into this thrilling market journey, because I’m fully committed to helping you stay ahead and make the most of every opportunity!
Tesla
#Tesla Analysis : More Fall Ahead ? (READ THE CAPTION)By analyzing Tesla's weekly chart (logarithmic), we observe that after a correction down to $209, the price experienced renewed buying pressure and was able to climb back up to $265. Once the price reached this significant supply level again, it faced selling pressure and has, so far, corrected down to $240. I expect that if the weekly candle closes and stabilizes below $242, we may see further correction in this company's stock.
Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me !
Best Regards , Arman Shaban
AAPL: 25% Correction / Liquidity Gap at $175🔸Hello traders, today let's review 12H price chart for AAPL/Apple.
This is advanced technical trade setup based on historic price fractal.
🔸AAPL currently entering distribution at the top stage with
distribution defined by the ABCD fractal. Same price fractal
was observed in the market in Dec21/Jan22 before a subsequent 25%
market correction in AAPL.
🔸ABCD ongoing distribution defined by range highs at 230 USD
and range lows at 205 USD. Once we complete the ABCD structure
expect a sharp mark-down in price / correction from point D into
point E near 175 USD liquidity gap / open gap will drag price down.
🔸Recommended strategy AAPL traders: Advanced traders may
short AAPL / buy May 2025 LEAP put options. No valid strategy
currently for the bulls, it's best to wait until liquidity gap gets filled
later in Q1/Q2 2025 before buying low at/near 175 usd.
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RISK DISCLAIMER:
Trading Futures , Forex, CFDs and Stocks involves a risk of loss.
Please consider carefully if such trading is appropriate for you.
Past performance is not indicative of future results.
Always limit your leverage and use tight stop loss.
TESLA Under Pressure! SELL!
My dear friends,
TESLA looks like it will make a good move, and here are the details:
The market is trading on 260.65 pivot level.
Bias - Bearish
Technical Indicators: Supper Trend generates a clear short signal while Pivot Point HL is currently determining the overall Bearish trend of the market.
Goal - 242.66
Recommended Stop Loss - 269.75
About Used Indicators:
Pivot points are a great way to identify areas of support and resistance, but they work best when combined with other kinds of technical analysis
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WISH YOU ALL LUCK
MAGS (Roundhill Magnificent Seven ETF)... Time to BUY?
MAGS (Roundhill Magnificent Seven ETF)
Weekly TF shows price has pulled back into the +FVG after displacing above the intermediate swing high, completing an External to Internal move. That high intersects the +FVG nicely as confluence of support.
Daily TF shows a Daily +FVG nested within the Weekly +FVG, serving as more confluence of support.
The idea here is if the +FVG holds, price will seek the buy side liquidity highlighted. This would be an Internal to External liquidity movement.
The local high at **48.00** is nice round number to draw price. **50.00** is the longer term draw on liquidity.
*The Roundhill Magnificent Seven ETF offers equal weight exposure to the “Magnificent Seven” stocks – Alphabet, Amazon, Apple, Meta, Microsoft, Nvidia, and Tesla. MAGS is the first-ever ETF to track the Magnificent Seven.
TESLA pulling back on Q3 deliveries. Is there a reason to panic?Tesla (TSLA) opened considerably lower today as they announced Q3 deliveries of 463000 units, below the heightened expectations of around 470,000 from the buy-side and just slightly above the consensus estimate of 462,000. Is this a typical market overreaction on data or the start of a stronger correction ahead of the Robotaxi event next week?
Well from a technical standpoint, our thesis on Tesla is well known and hasn't changed since the August 15 update (see chart below), where we called for a $380 target within the long-term Channel Up:
Even on the more short-term 1D time-frame, we can see that the stock is respecting a Channel Up pattern that started on the August 05 bottom and for the past 30 days has been supported by the 4H MA50 (blue trend-line).
The last correction like the one we're having this week, was from August 20 to 28, which then rallied by +30.50%. As a result, the minimum Target now for November is $310.
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Tesla Stock Slips as Deliveries Miss ExpectationsTesla (NASDAQ: NASDAQ:TSLA ) saw a notable decline of 5% in early trading Wednesday following the release of its Q3 2024 delivery and production numbers. While the electric vehicle (EV) giant reported 462,890 deliveries—slightly above analysts' predictions—investors had anticipated higher performance, leading to a sell-off. This drop brings NASDAQ:TSLA down to $244.86, reflecting the ongoing battle between Tesla’s robust market presence and increasing competition from global automakers.
Q3 Delivery Report: Falling Short of the Hype
Tesla (NASDAQ: NASDAQ:TSLA ) delivered just under 463,000 vehicles in Q3 2024, surpassing the 461,000 estimate, but investor sentiment seemed to have set loftier expectations. The production numbers were similarly positive, with Tesla (NASDAQ: NASDAQ:TSLA ) producing 469,796 vehicles, up from the 430,488 vehicles produced a year ago. Despite this growth, the stock slipped as the market had expected a more substantial increase to sustain the company’s valuation, which had already jumped 32% in the previous quarter.
Analysts from Wedbush described the report as "a step in the right direction" but also noted that some investors may have been looking beyond these delivery figures, anticipating the October 23 earnings report and the unveiling of Tesla’s much-discussed "robotaxi." Still, Tesla faces ongoing headwinds, especially in the competitive EV landscape.
Competition Heats Up
Tesla’s dominant position in the EV market is increasingly challenged, especially by Chinese automakers like BYD and Geely, as well as emerging rivals Li Auto and Nio. In the U.S., Rivian, Ford, and General Motors are all making headway into the EV space, with GM recently reporting a 60% year-over-year increase in EV sales. Even with Tesla maintaining a significant lead in the U.S. market, these rising competitors are placing pressure on its growth trajectory.
Tesla’s lack of specific delivery guidance for 2024 raises additional concerns. Although the company’s sales are growing, its ability to maintain such momentum amid fierce competition is in question. Analysts will be closely watching Tesla’s October 23 earnings report, with a particular focus on profit margins and how Tesla navigates the balance between maintaining its market share and controlling production costs.
Technical Analysis: The Chart Speaks Volumes
On the technical side, NASDAQ:TSLA ’s stock is showing signs of weakness. As of the time of writing, the stock has dropped 3.57%, with a Relative Strength Index (RSI) of 57.43—an indicator that the stock is losing its buying momentum and moving closer to a neutral or selling zone. While Tesla (NASDAQ: NASDAQ:TSLA ) remains above its 50-day and 200-day moving averages, suggesting underlying strength, the dip in RSI indicates potential volatility.
Tesla’s ability to stay above key moving averages amidst such market pressure will be critical in determining its next moves. Investors should keep an eye on whether the stock can sustain levels above its moving averages or if further selling pressure will drag it down into a correction territory. As the market awaits the earnings report later in the month, these technical patterns could provide a roadmap for short-term traders.
Tesla’s Future: More than Just Deliveries
Tesla’s long-term growth story remains intact, bolstered by innovations like self-driving technology and upcoming projects like the robotaxi. However, the EV maker must continue to outpace competitors and reassure investors that it can meet growing demand without sacrificing profitability. As the global EV market matures and competition ramps up, Tesla’s ability to innovate while maintaining healthy margins will be the key to its future success.
In conclusion, while Tesla’s Q3 delivery numbers met expectations, they fell short of the hype, leading to a sell-off. The stock remains technically strong, but investors should be cautious as it approaches critical RSI and moving average levels. With earnings just around the corner and Tesla’s next big product reveal on the horizon, the coming weeks will be pivotal for the company’s stock performance.
Tesla - Breakout After Almost 4 Years!Tesla ( NASDAQ:TSLA ) is finally breaking out of the triangle pattern:
Click chart above to see the detailed analysis👆🏻
After a 4 year consolidation, Tesla is finally attempting to break out of the long term bullish triangle pattern. The monthly candle still needs to close but everything is pointing towards a major move higher, with the first target being the previous all time high from 2022.
Levels to watch: $250, $370
Keep your long term vision,
Philip (BasicTrading)
Tesla Trades That Hit The Mark: 75% and 30% Gains Explained!
Two successful Tesla trading ideas, one from April and one from August.
April entry would now be around 75% up, and August entry around 30%.
Both ideas show how technical analysis can accurately time the market and generate returns.
Future resistance levels could indicate potential price consolidation.
This year, I shared two ideas about Tesla:
The first idea in April.
The second idea in early August.
If you bought Tesla stock in April and still hold it, you should be up about 75%. If you entered in August, your position should be up around 30%.
Both ideas played out exactly as predicted, proving once again that technical analysis helps to time the market and put your money to work as quickly as possible. While fundamental analysis tells what should happen, technical analysis shows what actually happens.
April Idea Criteria:
Strong area, confirmed by powerful candles in late 2022 and early 2023.
Mid-round number of $150.
Small liquidity zone around $150.
Smooth descending price movement into the zone I shared.
August Idea Criteria:
Break above $200 with a powerful candle.
Break above a long-term trendline, again with a strong candle.
Price pulled back to the breakout area: 3.1 Retest of $200, now acting as support. 3.2 Trendline retest. 3.3 Historically strong area around $200 – several rejections before.
What’s Next?
If you are still holding, the next target could be around $280–$300. This is the next strong resistance level. As you can see from the chart, this area has multiple rejections in the past. It might be a good idea to take some profits, as the price could get stuck here for a while, and it’s uncertain how and when it will break through.
Summary:
This is a great example of how technical analysis can guide you to better price entries, potentially leading to higher returns in the future. It does take some experience, but these criteria are not hard to spot once you know what to look for. It’s definitely not rocket science to master the basics.
All the best,
Vaido
TSLA SHORT TRADE IDEA**STOCKS VS USD & TREASURY BONDS - Currently Oversold signaling a bearish sentiment. Price would need a reason to for a bearish move and could take the highlighted Supply Zone.
Supply and Demand Analysis:
>Price could take the the daily Supply Zone and the PRICE GAP within the supply zone could get filled.
>Price could fill the Gap before a bearish move and go to the highlighted opposing Demand Zone
***As always, trade safe and make sure to do your due diligence when analyzing the charts.***
TESLA SWING SHORT|
✅TESLA is about to retest a key structure level of 271.58$
Which implies a high likelihood of a move down
As some market participants will be taking profit from long positions
While others will find this price level to be good for selling
So as usual we will have a chance to ride the wave of a bearish correction
SHORT🔥
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TSLA potential Buy setupReasons for bullish bias:
- DOW theory, Entry at HL
- Price is at a strong support zone
- 0.5 Fib level
- RSI is synched(No divergence)
Here are the recommended trading levels:
Entry Level(CMP): 207.92
Stop Loss Level: 165.35
Take Profit Level 1: 250.49
Take Profit Level 2: 293.06
Take Profit Level 3: Open
TSLA ( Tesla ) BUY TF H1 TP = 248.08 Good luck!On the H1 chart the trend started on Aug. 8 (linear regression channel).
There is a high probability of profit taking. Possible take profit level is 248.08
Using a trailing stop is also a good idea!
Please leave your feedback, your opinion. I am very interested in it. Thank you!
Good luck!
Regards, WeBelievelnTrading
TESLA will reach a new ATH?My answer to the topic is yes, but it may take some time. here are my reasons:
firstly, the price is moving in a bullish channel, and closing to the upper channel, which indicates resistance to the current price.
secondly, according to volume profile, the price is in the chips concentration area, which verified the resistance level is important.
so, the price may continue to go up after a short-term pullback.