TSLATSLA Robotaxi day is on 10/10. TSLA can run up leading into this event. A breakout over 235 can run into the 7/11 highs of 271.
Trade Idea: 250C 10/11/24
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TSLAD trade ideas
$TSLA - Looks goodNASDAQ:TSLA Tesla looks good. The ideal entry is $186 and below. The measured move for the breakout is the $360 area. 👀ing.
Targets shown in the chart.
As always, I share my opinions and trades. I'm not suggesting anyone follow my trades. You do you.
Top 5 Weekly Trade Ideas #4 - TSLA Triple Top?TSLA is setting up for a triple top here on the 15m which could lead to a hard rejection. We're also sitting right on the major downtrend line from ATH in 2021. TSLA already tried to breakout above this trendline earlier in the year, but failed miserably. I'm thinking we may have a repeat here, but this 226 area is my line in the sand. I think we'll end up with a huge move here once it happens, but it could take a while. We've been back and forth all week already, it's a tricky one.
TSLA: Beware of these key points! (D&W charts)Looking at TSLA's daily chart, the price has recently climbed back to challenge the major resistance level at $233.09 after bouncing from a rising trendline. This trendline support has played a crucial role in propelling the price higher after a period of consolidation. However, the stock faces a significant challenge at the $233 level, which was previously a strong resistance area that rejected upward movement in the past. The 21-day EMA is trending slightly upward, adding some bullish momentum, but the immediate test will be whether TSLA can break and hold above this $233 level. A successful breakout above this level could open the door for a move toward the next resistance at $245.63 (gap).
On the weekly chart, Tesla recently bounced strongly from the 61.8% Fibonacci retracement level, which acted as a key support during the recent pullback. This bounce is a bullish signal, suggesting that the longer-term uptrend remains intact. A sustained move above the 21-week EMA could further bolster the bullish case, particularly if the stock manages to close above the 38.2% retracement level by the end of the week.
Overall, Tesla’s price action is at a critical juncture, with both the daily and weekly charts showing a need for the stock to overcome key resistance areas to confirm further bullish momentum. A breakout above $233 could set the stage for further gains, but failure to break this level might result in another pullback, possibly toward the rising trendline on the daily chart or lower Fibonacci levels on the weekly chart.
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Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation.
“To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore
All the best,
Nathan.
Tesla Four Hour how far is this market going up ???????Good morning Traders
I created a video for you all in relation to how far this market for Tesla is moving up along with 4-5 scenarios I can see possibly playing or to watch out for.
Any questions, thoughts, comments send them my way or comment below
We dont predict the market we follow it
MB Trader
Happy Trading
TSLA for potential price action on September 11, 2024Support and Resistance Levels:
Immediate Resistance:
$235: This level has been marked as a recent high. TSLA would need to break above this for further upside.
$249.89: This is a major resistance zone, and TSLA may struggle to break past it if it moves up aggressively.
Immediate Support:
$226.46: The current price is hovering around this level. It's a key pivot point. If TSLA holds above this, it could attempt to test higher resistance.
$216.27: Another potential support zone, which may act as a strong area of interest for bulls if there is a downside move.
$202.15: The lower support for a significant pullback.
Entry and Exit Strategy for Scalping:
Bullish Scenario:
Entry: If TSLA opens strong and breaks above $230 with good volume, you could look for a potential entry above this level, targeting the next resistance at $235.
Exit: Consider taking profits near $235, especially if volume weakens near this zone. The next target could be $240 for a more extended move, but it would need a breakout of $235.
Stop-Loss: Place a stop-loss below $226.46 to minimize downside risk.
Bearish Scenario:
Entry: If TSLA fails to hold above $226.46 and breaks down, a short position could be initiated with a target at the support zone of $216.27.
Exit: Look for profits near $216, as it may act as strong support.
Stop-Loss: A stop-loss above $230 could protect against an upside reversal.
Momentum and Volume:
Volume Patterns: Keep an eye on the volume, especially as TSLA approaches the key levels of $230 and $235. A breakout with strong volume signals further strength.
RSI: The oscillator shows some choppy action, meaning it’s critical to confirm moves with volume for strong entries.
What Are Asset Classes? Definition and MeaningWhat Are Asset Classes? Definition and Meaning
In the realm of finance and investing, you may have come across the term "asset class". This article is designed to help you understand its definition, its meaning, and its significance in your investment journey.
Asset Class Definition
In a nutshell, an asset class refers to a grouping of investments that exhibit similar characteristics and are subject to the same laws and regulations. The classification is based on attributes such as risk, return, and the market dynamics that drive them.
The asset class meaning implies that the investments within each class are believed to behave similarly and should, therefore, have the same place in a trader's portfolio. They offer a structured way to diversify a portfolio, thereby helping to minimise risk while maximising return.
How Many Asset Classes Are There?
The next logical question would be, how many assets can we trade? Traditionally, there were three main asset classes - equities (stocks), fixed Income (bonds), and cash or cash equivalents. But, the modern financial markets have expanded this list and now include many others, such as real estate, commodities, foreign exchange (forex or FX), and cryptocurrencies*.
What are the different asset classes? And what is an example of an asset class? Now that we've established a fundamental understanding of what an asset class is let's take a look at the asset classes list and further discuss a few examples to learn more.
Equities
The equity asset class refers to stocks and shares of publicly traded companies. When you invest in equities, you're essentially buying a small piece of ownership in a company. The return on these investments typically comes in the form of capital gains (i.e., selling the stock at a higher price than what you paid for it) or dividends paid out by the company.
However, you can also trade stocks. This won’t bring you dividends but will allow you to trade on a price increase and decline. CFD trading is one of the options. Trading stocks involves researching and analysing numerous factors, including the company's financial health, industry trends, and broader economic indicators, as well as technical indicators and chart patterns. If you want to trade stock CFDs, you can open an FXOpen account.
Fixed Income
This asset class includes investments like government bonds, corporate bonds, and other debt instruments that pay a fixed amount over a specific period. The primary source of return is the interest paid on the borrowed funds.
One of the primary characteristics of fixed-income investments is the regular income they provide. This makes them particularly attractive to those seeking a consistent income stream. Additionally, the risk associated with fixed income is typically lower than that of equities.
Investors in fixed income pay attention to factors such as interest rates, credit quality of the issuer, and the bond's maturity date. Changes in interest rates can affect bond prices, and investors should consider their risk tolerance and investment objectives when selecting bonds.
Cash and Cash Equivalents
Cash and cash equivalents are financial assets that are highly liquid and can be readily converted into cash. These assets are considered to be very safe and easily accessible, making them an essential part of a company's or an individual's financial portfolio.
Cash includes physical currency (coins and banknotes) as well as deposits in bank accounts that are available for immediate withdrawal. Cash equivalents, on the other hand, are short-term investments that are highly liquid and have a typical maturity period of three months or less from the date of purchase. These investments are close to maturity and carry a minimal risk of changes in value due to their short-term nature.
Commodities
This class includes raw materials and resources that can be traded in various markets. They include items like gold, oil, agricultural products, and metals. Commodities are usually used as a hedge against inflation, as their prices can rise when the general price level increases. Additionally, commodities can provide a diversification benefit because their prices are driven by different factors than equities and fixed income.
Commodities are typically traded on futures exchanges. Nevertheless, market participants have the opportunity to tap into the commodity sphere via Exchange Traded Funds (ETFs), diversified mutual funds, and Contracts for Difference (CFD). Commodity trading requires an understanding of the specific market factors that impact each asset. Additionally, commodity prices can be volatile, so risk management strategies are crucial when trading these assets.
Real Estate
Investing in physical properties, whether residential, commercial, or industrial, comes under this asset class. Returns are derived from rental income or selling the property for a profit.
Investing in real estate involves various considerations that differ significantly from those of other asset classes, including high entry costs, management responsibilities, market risk and diversification. Real estate can be directly owned, or investors can gain exposure to this asset class through real estate investment trusts (REITs) or real estate-focused funds.
Cryptocurrencies*
This is a relatively new addition to the asset class family. These digital or virtual assets use cryptography for security, with Bitcoin and Ethereum being well-known examples.
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Investment Asset Classes and Portfolio Diversification
These are the most popular examples of the types of asset classes. The complexity and diversity of these categories signify the importance of understanding the different asset classes before making investment decisions.
Knowing the different instruments and their characteristics is essential for any investor. The key to building a successful portfolio is not just about selecting individual investments but more about allocating funds among these trading categories.
Diversification across financial asset classes reduces risk because different assets react differently to the same economic event. For instance, when inflation rises, it might be harmful to bonds but could be good for commodities like gold. So, a diversified portfolio is expected to balance out the losses in one class with gains in another, stabilising the overall returns.
Final Thoughts
In the world of investing, various asset classes offer distinct opportunities and risks. Equities offer growth potential, fixed income provides stability, commodities offer diversification, cash and cash equivalents provide low-risk opportunities, and cryptocurrencies* introduce new possibilities. When talking about trading, commodities also provide diversification and hedging opportunities; while stocks allow traders to benefit from significant price fluctuations, the high-volatility nature of cryptocurrencies* makes short-term trading exciting. If you are interested, you can trade shares, commodities, and cryptocurrencies* on the FXOpen platform.
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Tesla 245 on CardsI see tesla in uptrend now in 30 min 1 hr 4 hr chart it started making HL HH. And left a recent gap between 235 and 246 I Believe it will fill the gap and continue the trend before the Elections After the election we don't know. My target in this is based on Levels and current momentum. It also gave breakout on hourly chart.
TSLA Bear FlagThis is a shorter term bear flag on TSLA, different from my previous idea with a longer term pattern. I still think it's unclear whether TSLA can break above that major trendline from ATH in 2021 for good or not. This bear flag would suggest we may see downside in the shorter term, but we'll have to see what happens after CPI. Tomorrow should be interesting.
Top is inWe are are seeing the dreams of a Christmas past. I would be all over TSLA in a normal bull market but given the complete collapse of the markets, all we are seeing is low volume churning by retail investors. I would not touch TSLA, until it gets below $170, but ideally $140.
TSLA is one of the best large cap stocks there is, but nobody will be unscathed in what is coming. For the critics, why are oil, copper and steel prices crashing? And do you think China's deflation is not going to spread in a global market? Do you really think the Yen carry trade was unwound in one day? Remember the 2000 tech bubble? There was no housing bubble when stocks imploded. Just some things to think about.
TSLA forecastDescending Trendline (Yellow Line):
The stock appears to be in a downtrend, as shown by the yellow descending trendline. This line indicates a resistance level that the stock has tested multiple times but hasn't yet broken through.
Support and Resistance Levels (Red and Orange Horizontal Lines):
Several horizontal lines, likely key support and resistance levels, are drawn.
Red Lines: These represent support zones where the price has bounced in the past (120.48, 154.22, 167.21).
Orange Lines: These are resistance levels (257.67, 302.74) that the price may struggle to break through.
Current Price and Movement:
Tesla’s price is at $226.13, which shows a gain of 4.56% for the day.
The blue and red boxes to the left represent the current bid and ask prices.
Future Price Projection (Blue Path):
The zig-zag blue path seems to be an anticipated price movement. It shows the price possibly breaking above the yellow trendline (resistance) and moving upwards towards the next resistance level near 257.67.
After potentially retesting the breakout, the price might continue its upward movement as suggested by the upward arrow.
Measured Move (Orange Vertical Line):
The orange vertical line on the right highlights a potential price gain of 136.69 points (112.03%) if the stock were to move from the low point (around 120.48) up to the higher projected level (possibly above 257.67).
Overall Interpretation:
The chart suggests that Tesla’s stock is currently testing a key descending resistance. A breakout above this trendline might lead to a significant upward move, potentially targeting the 257.67 or even higher levels. However, if the breakout fails, the price might retest lower support zones around 185 or even 167.
TSLA - Another Day, Another Trade SetupWe are identifying a potential long trade on TSLA - However, unlike Friday (where our conditions to enter were not met), we are back in the same position after gapping up pre-market back into our yellow strong buying.
We are looking for price to continue to respect our teal strongest buying algorithm and build controlled liquidity. Once we prove teal, we will look for an entry on the bottom of yellow HTF strong buying and we will look to enter longs with our stops below purple tapered selling if our conditions are met. Remember, this is the same purple selling channel dating back to 2021 which we've recently broken out of.
Trade or no trade, we follow our rules and stay disciplined today!
Happy Trading :)
Long, target 210.9Following 1h chart and got a long signal.
TP1 - 203.5
TP2 - 210.9
SL - Close under 194
TESLA: Building up the next bullish wave to $300.Tesla is in the upper levels of neutrality on the 1D technical outlook (RSI = 54.149, MACD = -1.520, ADX = 23.400) as it remains marginally under the 1D MA50, but a crossing over it should restore the buying sentiment. Long term the stock is inside a Channel Up that is technically in the build up of the next bullish wave after the HL on August 5th, also backed by the 1D Golden Cross of July 29th. We anticipate the new rally to cross above both R1 and R2 and target R3 (TP = 300.00).
See how our prior idea has worked out:
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thinkin about teslaThis ones obvious, dont need to even get into it.
Self explanatory, just have a look at it, and itll tell ya all you need to know
if you dont see it, euf... buy a book
$TSLA Ready to go bullish?
First of all, the price has broken above the downtrend line, and started to moving in a uptrend market.
However, according to the trading volumes, more chips are bought in the top area, meaning that there's strong resistance above the current price.
Therefore, I think the price might continue to fluctuated below the resistance area in a short term period.
TSLA turning bearish? Tesla had a strong attempt at breaking out but it got severely rejected.
Often when price fails a directional move it attempts and tests the opposite direction.
I would favour Lower price action based off o f this volume rejection.
If prices loses any more of the upsloping trendliness Tesla can be in for much Lower price.
TSLA contraction (retest of 260$)This is a quick update attached to the TSLL chart. I expect this breakout to give another bull trap for TSLA investors/traders. A surprise 50 basis point rate reduction could cause markets to rage in general. Investors will again realize TSLA is overvalued as it approaches 300$ and the stock will go to sub 185$ next year.
Tesla made second backtest on Trumpet ….NASDAQ:TSLA
Tesla went above violett Trumpet pattern in June but failed to stay above early August.
Last week we went above violett down trend but stopped Friday after heavy selling at the line - Today looks like backtest was successful!?!
If this time we stay above, much higher prices are guaranteed (!)
TSLA Short IdeaTSLA had another big fakeout above the major trendline from 2021 again last week and that sets the stage for a continued drop if it can't quickly reclaim. We also have a shorter term uptrend that as well that may lead to a flush below. I think this is a good spot to enter puts and target $200 and potentially even lower with a stop back above 220-222.
TSLA: Buy ideaOn TSLA, we are in an oversold zone. Therefore, looking at the configuration on the chart, if we have the breakout of the vwap forcefully by a large green candle and followed by a large green volume, it goes without saying that we would have a high probability of seeing the mounted market.
Furthermore, if the support line is broken by a large red candle and followed by a large red volume, it will be clear that this will be a continuation of the downtrend.
Tesla 30 Min Correcting up now !!!!!!Good morning traders
Here is your 30 minute view of what the market looks like its doing:
Currently we have some strong resistance at 220-223 area: my best thesis is we hit here and then fall back down.
However we follow the market not predict it therefore if those levels break then I would not be surprised we go back to the top correct a touch and then break through and head up to the 280 range.
Any questions, what you like and dont like let me know happy to help where I can
MB Trader
TSLA Update - What went wrong and why we can still be bullishThank you to my followers for holding me accountable for a lapse in discipline - I identified a trade opportunity that had conditions - and some of those conditions were for us to taper along our tapered selling purple toward yellow and to see a yellow pickup. Clearly we didn't taper toward yellow and I jumped into a position on the touch of yellow. From the start there was signs against it as we had no tapering and the reaction to yellow was not what we should expect from a true strong bullish algorithm. When I had the chance to get out on a pullback and retest of that same yellow, I did, albeit for a loss on that trade.
Keep in mind, we are most recently respecting orange (more tapered) buying continuation. We can very easily get picked up here as we did a few weeks ago and make a strong ensuing move. However, the conditions need to be met where we find price tapering and building liquidity in our purple and green controlled selling algorithms prior to getting picked up by orange and activating yellow.
We will see what happens - but as always, prepare your trade as best as possible so that no matter what happens, you know when you're getting in and when you're getting out.
I can do better and I will do better - Let's all be better this week! At the end of the day, we are nothing without our discipline so that must stay top of mind when trading.
Happy Trading :)
