TSLA Cycles / Repeated Patterns

29 thg 9, 2023

TSLA looks to be going thru a repeated cycle since it marked its bottom at the start of 2023. Currently TSLA is in a rising channel with mirroring patterns inside

Cycle 1 (January-February)
1st leg up

Cycle 2 (February-April)
1st Consolidation phase (70 days marking the bottom) that is ended with an inverse head & shoulders (~77 Days)

Cycle 3 (May-July)
2nd leg up

Cycle 4 (July-?)
2nd consolidation (~70 days so far) and looks to be setting up an inverse head & shoulders similar to cycle 2

Cycle 5
I am anticipating cycle 4 to end shortly and cycle 5 to be TSLA's 3rd leg up targeting the upper trendline of the rising channel

29 thg 9, 2023

Ghi chú

^ Anchored VWAP (purple) from the bottom of cycle 2

29 thg 9, 2023

Ghi chú

Sitting at huge area of confluence
- At the lower trendline
- .618 Fib retracement
- Anchored VWAP
- Big support zone

6 thg 10, 2023

Ghi chú

Beautiful break outside the consolidation phase and now looks to be on the run for the next leg up

9 thg 10, 2023

Ghi chú