reviewing TSLA weekly Chart, I can see a price target of $310.
1) First
TSLA needs to get over $215
2) there was a bearish Harmonic Bat pattern that sold off from D leg, and retrace to the 1.618 fib level extension. Notice price action bounced off from that level, and formed a based untl it hit resistances .382 fb level, and currently is resting at the .236 fib level.
3) If market rallies over the next few months, and tesla closes above $215, price action is likely to retest D leg which is above the .618 extension. which I have as my target $310 area.
4) the .618 extension which is a resistances level (D leg sold off) would then become future support if the overall market is still bullish
5) there is a base formed on the weekly, the handle isn't true or confirmed. It wont be until a breakout above $215.. Many experience traders will attempt to get in front of this trade, but expect volatility
Also there is an apex forming by the AD, however it will take a few months to complete likely near end of 2023 or early 2024
1) First
2) there was a bearish Harmonic Bat pattern that sold off from D leg, and retrace to the 1.618 fib level extension. Notice price action bounced off from that level, and formed a based untl it hit resistances .382 fb level, and currently is resting at the .236 fib level.
3) If market rallies over the next few months, and tesla closes above $215, price action is likely to retest D leg which is above the .618 extension. which I have as my target $310 area.
4) the .618 extension which is a resistances level (D leg sold off) would then become future support if the overall market is still bullish
5) there is a base formed on the weekly, the handle isn't true or confirmed. It wont be until a breakout above $215.. Many experience traders will attempt to get in front of this trade, but expect volatility
Also there is an apex forming by the AD, however it will take a few months to complete likely near end of 2023 or early 2024
Nota
looking to add some Nota
told you , now we have 2 bull flags on Nota
Next $200 close or above gives breakout out of the cup and handle pattern. At a certain point i'm stop doing the updates. Lets say after the cup/handle pattern breaks out. Please be aware that im trading for myself, and not others. I'm happy to share my trade ideas, and I welcome feedback/criticism (post a chart if you dont agree). I get a lot of questions, in which I dont mind answering if I have time. However, during normal market trading hours I may not have the time to answer them, I need time to focus on my trades/strategies . So if you dont get a response, dont take it personally.Dagangan ditutup secara manual
No more updates will be provided...Nota
adding this morning, handle still valid on the weekly chart... buying this dipNota
Price action is still in the cup and handlePenafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.