TSLA: Descending Wedge Breakout or Continued Weakness?

il y a 3 jours

TSLA is forming a descending wedge pattern, hinting at a potential breakout. With clear support and resistance levels, traders can look for opportunities in both directions. Here’s a detailed plan for scalping and swing trades based on Tesla’s current price action.

Technical Overview:
Market Structure:

Trend: Downtrend with higher lows beginning to form, suggesting potential bullish reversal.
EMA Levels: Price is approaching the 9 EMA (purple) and 21 EMA (blue), indicating a potential test of resistance.

Key Levels:

Resistance Zones:
$321.50 – Immediate resistance near the descending wedge boundary.
$344.50 – Key resistance from prior highs.
$362.50 – Upper resistance and psychological level.
Support Zones:
$302.50 – Immediate support near the wedge’s lower boundary.
$285.00 – Strong demand zone and previous low.
$250.00 – Major support and key demand area.
Supply and Demand Zones:

Demand Zone: $302.50–$285.00, where buyers have shown interest.
Supply Zone: $321.50–$344.50, with heavy selling pressure evident.

Indicators:

MACD: Shows bullish divergence with increasing momentum on the histogram.
Volume: Increasing volume near $302.50 indicates buyer interest.

Pattern:

Descending wedge with potential for a breakout above $321.50.

Game Plan:
Scalping Plan (1-Min and 5-Min Timeframe):
Entry for Long:

Buy on breakout above $321.50 with strong volume.
Target 1: $325.00 (scalp to next resistance).
Target 2: $330.00 (mid-supply zone).

Entry for Short:

Sell if price rejects $321.50 or breaks below $302.50.
Target 1: $300.00 (psychological level).
Target 2: $285.00 (demand zone).

Stop Loss:

Long: Below $319.50.
Short: Above $323.00.

Swing Trade Plan:
Bullish Scenario:

Buy if price holds above $302.50 and breaks above $321.50.
Target 1: $344.50 (major resistance zone).
Extended Target: $362.50 (upper breakout zone).
Stop Loss: Below $300.00.

Bearish Scenario:

Sell if price breaks below $302.50 with momentum.
Target 1: $285.00 (demand zone).
Extended Target: $250.00 (psychological support).
Stop Loss: Above $305.00.

My Thoughts:
For Scalping: Focus on breakouts or rejections at $321.50 for quick trades, using volume confirmation as the key signal.

For Swing Trades: Price action near $302.50 is critical. A breakdown suggests further downside, while a breakout above $321.50 signals bullish continuation.

Directional Bias:
Short-term: Neutral, with a bullish bias if $321.50 breaks convincingly.
Mid-term: Bearish unless price sustains above $344.50.

Actionable Suggestions:
Monitor $321.50 for breakout or rejection signals.
Use $302.50 as the key support for both scalping and swing entries.
Avoid trading within the $302.50–$321.50 range to minimize noise.

Disclaimer:
This analysis is for educational purposes only and not financial advice. Always use proper risk management when trading.

avant-hier

Ordre annulé

Already gap up 6 % at market open.