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 $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
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March View w/ wave Eliott Wave Count, looking to add some calls Monday and a long position
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looking to add some $tsll at the eod which is the Tsla 1.5x etf its under $11
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Bull Flag on 2hr time frame
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told you , now we have 2 bull flags on $spy which if we take it out the intraday highs this can run to $200
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monitoring this cup and handle set up on spx futures
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beautiful intraday chart by the AD
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215 could cause a handle to form
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AD showing a Bull flag $220
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based cup/handle pattern anticipating breakout.. The AD is showing an ascending Triangle to $220
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no mercy over the next few trading session
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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.
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210 by Fridays close if we can get the cup and handle breakout... I do have a long position, that is my disclosure
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trying to keep the charts clean as possible. anyways my last update, I dont need to keep posting a million new charts.. have a bless day everyone and see you on the other side
Operación cerrada manualmente:
No more updates will be provided...
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adding this morning, handle still valid on the weekly chart... buying this dip
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Price action is still in the cup and handle
