TSLA - next long opportunity upcoming

9 Jan

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:

14 Jan

Nota

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.

25 Jan

Nota

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.