ππ Teslaβs Friday Dip, Earnings Rip: $TSLA Positioned for Major Waves Ahead! π
$TSLA has hit critical support at $386.70, perfectly aligning with the gold tops on Fibonacci bands. The chart is taking shape with a head and shoulders pattern, signalling a pivotal moment for traders.
π The Roadmap: Key Price Action Signals
1. Friday: Expecting a wave 4 bounce into the $393 to $396 range, closing the week on a bullish note.
2. Inauguration Bounce: A rally into the inauguration is likely, followed by a temporary pullback.
3. Earnings Wave: The real momentum kicks in, with a massive bounce ahead of Teslaβs earnings, as technicals and catalysts align for a strong move.
π Technical Levels to Watch
β’ Support: $386.70 β A decisive level that has held steady, forming the base for a potential breakout.
β’ Resistance: $393 to $396 β Breaking this zone opens the door to higher targets, with $410 next in sight.
π The setup reflects Wyckoff accumulation patterns, where the stock is poised for a major breakout as wave 4 nears completion.
π₯ Why Teslaβs Setup is Unmissable
1. Earnings Momentum: With earnings approaching, Tesla is primed for a strong upward push, driven by both fundamental strength and technical alignment.
2. Institutional Activity: Rising volume around support levels suggests smart money is positioning for the next wave.
3. Short Term and Long Term Opportunities: Swing traders can capitalise on short term waves, while longer term investors may benefit from the post-earnings rally.
π‘ Pro Tips for Traders
β’ Watch for Fridayβs Bounce: A dip offers an opportunity to position ahead of next weekβs action.
β’ Volume Confirmation: Look for increasing volume near $393 to $396 to confirm breakout strength.
β’ Ride the Earnings Wave: Earnings could fuel Teslaβs next major rally, so be prepared for heightened volatility.
π’ Please Like, Repost, and Follow for sharp setups, stock trends, and actionable insights ππ Letβs decode the markets, trade smarter, and grow together! πππ
Happy trading ahead! Cheers, BC πππππ
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
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