TSLA - next long opportunity upcoming
Since the long from this analysis (click image to get there): https://www.tradingview.com/chart/TSLA/r89zyrEZ-TSLA-quick-one/ played out nicely, I figured I'd create a fresh analysis for the current view.
Zoomed in image:
Most immediate bullish view would have us close to finishing the C-wave of a flat correction before continuing higher. Getting the placement of wave 3/4 of that C-wave right is a bit tricky - we could already be in wave 5 or just finishing wave 3.
230$ and below is the zone of interest, possibly closing the gap around 225$. (Always a possibility to have a frontrun)
Alternative:
I can see ways to count it as an impulse or a diag with a finish at the 265$ top, which would make the current move just the A-wave. For the bearish possibility (compare below) you could even count the move up as a zigzag. Either way, for the time being it looks close to finishing an impulse to the downside.
Macro views, which I've shared in the previous analysis linked at the top:
Overall bullish:
a)
b)
Midterm bullish:
Overall/Midterm Bearish:
Zoomed in image:
Most immediate bullish view would have us close to finishing the C-wave of a flat correction before continuing higher. Getting the placement of wave 3/4 of that C-wave right is a bit tricky - we could already be in wave 5 or just finishing wave 3.
230$ and below is the zone of interest, possibly closing the gap around 225$. (Always a possibility to have a frontrun)
Alternative:
I can see ways to count it as an impulse or a diag with a finish at the 265$ top, which would make the current move just the A-wave. For the bearish possibility (compare below) you could even count the move up as a zigzag. Either way, for the time being it looks close to finishing an impulse to the downside.
Macro views, which I've shared in the previous analysis linked at the top:
Overall bullish:
a)
b)
Midterm bullish:
Overall/Midterm Bearish:
ملاحظة
That's one way to break a support, just straight gap through it. Immediate retest from below to confirm it as resistance and further down.Around 215$ is a bit of a last hold to keep some stronger conviction in the bull. I would've prefered not to lose 225$ though. At this point the previously shown overall/midterm bearish possibility gained a decent amount of likelihood.
ملاحظة
And so the bearish possibility became the primary with the assumption of a leading diag to the downside.Depending on how to count it this might already be the wave 5 or just wave A of wave 5.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.
إخلاء المسؤولية
لا يُقصد بالمعلومات والمنشورات أن تكون، أو تشكل، أي نصيحة مالية أو استثمارية أو تجارية أو أنواع أخرى من النصائح أو التوصيات المقدمة أو المعتمدة من TradingView. اقرأ المزيد في شروط الاستخدام.