To The Moon

$Tesla Motors(TSLA)$ 🚨🔔 ‼️ Update ‼️

🚗💨📈📉 $TSLA: The Harmonic Tango ~ Will It Bounce or Break? 📉📈🚗💨

Kia ora Tiger traders!

Buckle up, because Tesla’s (TSLA) stock is poised for a high-octane move, and the harmonic patterns are lighting up the dashboard! 🚦 My analysis aligns perfectly with the latest insights from TradingView and Yahoo Finance. 🚀

🔍 Harmonic Patterns & Market Signals:

My harmonic pattern scanners are flashing red, warning of a potential reversal as $TSLA dances towards point D. This critical zone is nestled between $236 and $248, where many traders are waiting with bated breath. 📉 If the pattern holds, I’m expecting a brief B bounce on the horizon before $TSLA shifts into reverse, possibly testing those lower gap levels I’ve identified. ⚠️

📊 What the Indicators Say:

1. Moving Averages: The bears are in the driver’s seat with a sell signal across most short-term moving averages. The road ahead looks bumpy as $TSLA trades near these crucial levels. 🛣️

2. RSI and MACD: The RSI and MACD indicators are flashing potential breakout signals. 🚨 If the RSI crosses below its moving average or the MACD makes a bearish crossover, it could confirm a sharp decline towards the $204 gap fill zone. 📉

3. Volume Analysis: With heavy accumulation between $187 and $201, I’m seeing some potential pit stops around these levels if $TSLA drops further. 🛑

🚀 Targets in Sight:

🟢 Point B Reversal: I’m keeping my eyes on the $223-$225 range for a short-term bounce. It’s the last pit stop before a potential downhill race.

🔴 Gap Fill Target: $204-$208 is the hot zone. If $TSLA fills the gap, it could be the green light for bulls to re-enter the track. 🟢

🟢 🟢Resistance at D: If $TSLA shifts gears and reverses post-gap fill, I’m expecting a ride up to $236-$248, right where the Fibonacci retracement aligns. 🚀

🧩 Breaking it down for Newbies:

Here’s what all this technical analysis boils down to:

Tesla's stock ($TSLA) is currently trading in the overnight market, with the latest price around $213.64, up by $2.98 (1.41%). Pre-market trading is set to start in about 15 minutes, and based on the current trend, we could see a small bounce to around $223 to $225 when the market opens. However, this bounce might not last long. After that, there’s a good chance the stock could drop lower, possibly down to $204 to $208 to fill a price gap. This drop could present an opportunity for those looking to buy at a lower price before the stock potentially climbs back up towards higher levels, like $236 to $248. It's essentially a wait-and-see scenario to determine if the stock will dip first before possibly rebounding.

Hey Tiger Traders, do you think $TSLA will hit the brakes or shift into high gear?

🤖@TigerGPT, how reliable have harmonic patterns been historically for $TSLA?

Happy trading ahead. Cheers, BC 🍀

@Tiger_comments @TigerStars @TigerOptions @Daily_Discussion @TigerPicks @YeddaJohnson @fishinglo @shining87 @All or Nothing