Now NASDAQ:TSLA is in correction wave. We try to figure out the price reversal zone (PRZ) to estimate the best place to buy again. According to the Weekly and Daily fibonacci levels: 382 - 388 $ According to support levels: 352 - 358 $ According to 50-day MA : ~352 $
TREND We have very limited data yet. Here is a short term analysis for bullish mode. 80 is the strongest support Moving Averages Analysis is on 1H timeframe, so we skip it SUMMARY Based on this analysis, a price action following the blue arrow is probable.
TREND Current wave structure: Uptrend. The recent peak is just a couple of dollars away. A potential breakout on the peak may create another more stronger momentum that can take the prices to the upper band. Moving Averages All weekly averages are supporting the current uptrend. SUMMARY Based on this analysis, a price action to the upper band is expected.
TREND Current wave structure: Uptrend. Head on shoulders in the daily timeframe is a reversal indicator. A potential breakout (on the shoulders) may form a bullish harmonic pattern that is pretty common in uptrend. Moving Averages Prices cannot get away from 20-day (Red) and 50-day (Orange) that is an indicator of tiredness. A fast visit to 100-day (Turquoise)...
TREND Current wave structure: Uptrend. Break out of the falling trendline cancels the head and shoulders formation. Moving Averages The current price is over 20-day (Red). 20-day has just crossed 50-day (Orange) and 100-day (Turquoise) together (so supports uptrend) SUMMARY Based on this analysis, a price action following the blue arrow is highly probable.
TREND Continuously uptrend Moving Averages 100-day and 200-day good zones to buy. %15 increase from 100-day is a good zone to sell. SUMMARY Good stock for investment.
TREND We have very limited data yet. Here is a short term analysis for bullish mode. AB fibo extension (CD) matches with XA fibo 0.886, so it will be the potential resistance. Moving Averages Analysis is on 1H timeframe, so we skip it SUMMARY Based on this analysis, a price action following the blue arrow is probable.
If NASDAQ:TSLA repeats the same ralli again this will be the resulting graph. Now, we have one obvious difference, first impulse is almost complete by 9 months earlier when compared to previous ralli. While the first ralli was yielded 25x, this ralli (if happens again), will yield 3x.
TREND According to the current wave structure, it is in the downtrend. Characteristically, it is used to create pull and push backs after support/resistance breakout. So we can expect similar behavior now. It has not formed a channel yet, but a probable channel can be estimated as on the chart. Moving Averages The current price is under 100-day (Turquoise) (so...
TREND According to the current wave structure, it is still in the uptrend . However, head and shoulders formation is a powerful reversal indicator. It has not formed a channel yet, but a probable channel can be estimated as on the chart. Moving Averages It has been recently listed in the stok exchange, so not possible to make substantial analyses. ...
TREND According to the wave structure, it is still in the downtrend However, head and shoulders formation is a powerful reversal indicator. It also formed a blue channel , now targeting the upper band Moving Averages 20-day (Red) crosses 50-day (Orange) from down to up (powerful indicator supporting uptrend) 100-day (Turquoise) is below the current...
TREND We may be at the end of the correction, namely the 3 ABC waves within the downward (orange) channel. It may form a reversal formation with the blue harmonic pattern. At the same time, the TOBO formation will also be formed. MA In this case, the 100-day (turquoise) will have worked as support. The last 100-day was seen in 2021. Thus, the upward trend can...
TREND The red trend line from 2022 has been broken. It may be doing a pullback for confirmation. It continues its movement within the orange channel that started in 2024. It may be the 3rd of the 5-wave. The green trend line from 2021 is the first target before the purple main support. The purple support formed in 2023 is the strongest level. It is...