TESLA Analysis - Continuous, Just as the Markets !

This is a Thread, so Follow for Technical Analysis performed with TrapZone Pro & UMVD Indicators.

* Trend is Based on TrapZone Color
* Bar Colors give us Momentum Green from strong Up Moves. Red Bars point to strong Down Moves.
* Red UMVD = Selling Pressure & Green UMVD = Buying Pressure. Purple is for Divergence = Battle of Supply & Demand

--------------------

1-16-2024
RED TrapZone with RED UMVD. Price sliding as US MSI also points to weakening in the market. Hold On to You Hats I Say :)

Komen:

1 second Renko setting

Komen:

Hourly is all RED
TrapZOne, TrapBars, UMVD & US MSI !

Komen:

Daily Chart

Komen:

Komen:

Latest - Red TrapZone continues

Komen:

Latest/ RED TrapZone & RED UMVD after GReen Divergence took the prices down

Komen:

Intraday analysis, RED UMVD had the prices pulled back down under a Fresh RED TrapZone

Komen:

RED TrapZone with RED UMVD in place now

Komen:

Komen:

Hourly Check In - Prices below RED TrapZone for a while making it a strong down trend. RED UMVD pushing prices down fast in this last run. GRAY Bar forming as the end.

Komen:

Latest Intraday

Komen:

Latest Intraday

Komen:

Side by Side Analysis - Buying is stalling the price here. Keep an eye on the short term RENKO for RED TrapZOne with RED UMVD to resume a DOWN trend.

Komen:

Watch for RED UMVD on Hourly For Retry of SHORTS. Also, That will be clear on RENKO with simultaneous RED TrapZone Forming. Right now Its GREEN trapZOne signifying Retrace,

Komen:

Buyers pushed the price higher and a Class A entry detected early. TrapZone is Green so Trend is UP at the moment with GRAY Bars. Keep an eye on the Short Term Renko UMVD and TrapZOne for guidance.

Komen:

Strong Down Trend may have been established now. Buying Detected on UMVD on Short Term Renko Chart However It had no effect on the price Action.

Komen:

Hourly Technical Analysis Check In
Current Down Trend is following Angle 3 at the moment. With GREEN UMVD pushing the price up in a retrace. Believe It or not - There is a Long Term Up Trend with Angle 4 right below around 130/140 area. I think we will go there to find support.

Komen:

I know you wouldn't just believe me - :)
Here is the Daily to show the STUFF. I know I talk like thaaa....