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07-08

$Tesla Motors(TSLA)$ $T-REX 2X INVERSE TESLA DAILY TARGET ETF(TSLZ)$ $Direxion Daily TSLA Bull 2X Shares(TSLL)$ πŸš¨πŸ“ˆβš‘οΈTesla Wave 2 Reversal? History May Be Repeating Itself πŸ“Šβš™οΈπŸš¨

$TSLA is now exhibiting all the hallmarks of a textbook wave 2 setup. Price is pulling back into stacked weekly moving averages that echo the precise structure of early 2020, just before the stock went vertical.

Weekly SMAs are aligned in full bull formation:

20 week > 50 week > 100 week > 200 week.

This exact alignment last occurred in Q1 2020 and preceded Tesla’s 10X rally.

Technically, this setup signals controlled accumulation. The recent pullback found support at the 20 and 50 week MAs, where institutional buyers have historically reloaded. On the 15 minute chart, Bollinger Bands are compressing near the $294 zone, pointing to an imminent volatility pop. The wick at $294.35 suggests buyers are defending that level with size.

Volume has increased on downside probes, while $TSLA holds its full weekly bull trend on the longer timeframe. The lower timeframe sell-off looks corrective, not impulsive, and is occurring into a key liquidity pocket.

Options flow shows heavy activity in the 07/11 expiry around the $290–305 strikes. While there was a surge in bearish sweeps, multiple block-sized call buys at $303.14 and $303.29 hint at positioning for a reversal. Implied volatility is elevated, and gamma compression could snap sharply to the upside.

Weekly MACD has crossed bullish. RSI is holding firm around 50 and turning upward, confirming momentum stabilisation. On the Tiger weekly chart, price is perched between MA20 ($291.78) and MA30 ($326.21), consolidating in a classic bull flag formation.

If tomorrow opens with strength, we could see a breakout attempt toward $309, and then a retest of the key $316.64 resistance zone. Should that level clear with volume, a wave 3 move could rapidly take price back toward $339.79 and beyond.

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Tesla Rises for 5 Straight Days! Is This Rally Nearing Its End?
CEO Elon Musk provided an update on the company's robotaxi fleet on Sunday, and new data could suggest that its electric vehicle (EV) sales trends are improving. Fresh data on Tesla's order backlog shows Model Y wait times stretching to four-to-six weeks, up from one-to-three earlier this summer. The jump suggests rising demand, likely fueled by buyers rushing to secure the soon-to-expire $7,500 federal tax credit. Tesla has risen for 5 straight days. ----------- Is this rally nearing the end? Can Tesla break $350 or not?
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Comments

  • Mig
    07-08
    Mig
    thanks for sharing BC πŸ™‚
    my only concern with Tesla is Musk and the political party that he wants to form... not sure how this could affect the market sentiment πŸ€”
    amazing analysis as always πŸ‘ I will check the Bollinger Bands πŸ€“ love to keep learning
  • snappix
    07-09
    snappix
    This analysis is detailed
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