Tag Archives: TSLA

Tesla 10 Day Chart Gap Review

On some settings gaps do not show themselves, but they do show up with this 10 day 5 minute chart. That gap that opened up is destined to get closed off again, and I’m pretty sure we will not have very long to wait before that happens. 

I have created a new category called “Single Stocks”  and this TSLA will be the first chart in this category. I will try and edit a few more single stock postings to add to this new category. 

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Is The Tesla Party Over?

From the 2016 peak Tesla headed into a bearish slide that took more than a year to finish. In early 2016 Tesla hit a bottom and then proceeded soar in what looks like a straight move.  Hardly any subdivisions were countable.  From my perspective, this was an “A” wave move in Minor degree.   At this time this move looks like a zigzag, and the new high was achieved with a 3 wave pattern and not 5 waves.  This move is a typical diagonal 5th wave ending, (not an ending diagonal)  I labeled the zigzag as A5,B3 and C5 waves so we know exactly to look for alternation on a C5 wave. 

The C5 leg subdivided very well, with much bigger waves, making it easier for us to see.   Tesla could be over on the bearish phase already, but the talking heads would have to scream “Bear market” once Tesla retreated 20%.

This is where the fun starts, counting this bear market down, as the first leg down has a clear area where it may find support.  We would also be coming from a zigzag top which, means that this zigzag will get retraced by 100% or more.  I think the 4th wave bottom should eventually be left in the dust. 

This electric car market is due for a fall as it is hyped beyond reality, because electric cars are subsidized by the tax payer. All it takes is for the government to pull all the subsidies, for electric cars and renewable energy, and you can kiss this stock goodbye. 

If you think the government can’t pull their subsidies for electric cars, then just look what Denmark had done.     

Tesla has not had any real profits, and even then they may not make any money until 2020 or later. That’s a lot of time and money that Elon Musk will burn through, before they see positive cash flow. 

I have a trend line across two buttons which can point to another potential turning point. There are open gaps below this bottom trend line, and one big gap is at $40.  Not until we get a clear signal that insiders are actually buying their own stocks back, and everybody hates Tesla, will it be safe to start looking at it.   

I don’t have the time for individual stocks, but I will try and get a few updates in when a strong turning may happen. I think Tesla is also on a Cycle degree bearish phase, so I will be looking for a flat in Primary degree as well.

I had to calculate backwards a bit to take a Gold/Tesla ratio, which stood at 3.30:1. It is also  the most extreme reading I had since I’ve been tracking any Tesla ratios.  I don’t have any good extremely cheap Gold/Tesla ratios on hand, we have lots of time before we need to find a reasonable ratio. I’m pretty sure Tesla will pass the 10:1 ratio again, but could go much further if the Tesla bear market goes below $40.

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TSLA Bull Market Review With Gold/Tsla Ratio Commentary.



When TSLA was first listed on the Nasdaq, analysts hated this stock. They couldn’t throw any more scorn towards TSLA, but yet look what happened. Tesla, despite all the negative thrashing it took, turns into one wild bull market that everybody “loved” for some time. I think the desire to own Tesla stock can be waning, as its Gold/Tsla ratio is at another extreme as well. The Gold/Tsla ratio is sitting at 4.67:1, which is about as extreme as we can get.  I took two bottom ratio readings which came in at 70:1 and 64:1, so 4.67:1 is a huge shift from cheap to expensive. 

Still, nothing could stop it from moving to a higher expensive ratio in the short term. 

My wave count would need more work to give us a better start,  but what we do have is a potential zigzag and a triple top. This zigzag would fit very well into a diagonal 5th wave. 

On the wild side, could this be a triangle? If it is, then we should expect an “E” wave decline.  This present inverted Minor degree zigzag, would eventually have to be completely retrace as well.


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Mini SP500 Intraday Crash Review: Blame It All On Tesla!



The mainstream reporters always have to give us a reason why something goes up or down. It’s their jobs, and if they can’t find an original reason, then they just follow the herd, and repeat any consensus opinion.  This morning the markets created a fast downward move, that already has gone much further than what the above chart shows.  When I started to look at my normal charts, the site could only display any charts briefly, but it was up and running. This seems to happen when some sort of mini panic is happening in the markets. 

This SP500 was the only working chart I could  catch, even though I had a brief glimpse at many other charts.  At this time it is still a bit early to tell because any correction can contain an expanded pattern, so I would like to see the SP500 fall below the 2335 price level before I get into a wave counting panic.   A correction much bigger than anything we’ve had since Trumps election is necessary, but that also could mean the end of the bull market.

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Tesla Crash Review.


TSLA is another prime example, how a fast move up will stop dead in its tracks and then reverse. I am showing you a potential expanded type pattern and the only way that this can be confirmed is if TSLA stock falls well below the $140 price level. Of course, if we see a zigzag forming, then we know TSLA will rise again after a crash.

This could end on an “E”  wave as well, so  a double bottom would also work. Stocks have an individual mind of their own sometimes,  so unless we hear about massive insider buying we don’t know where this will end. We have to see if a wave 3-4 develops or any counter rally that travels too far. 

With Elon Musk bunking at the Tesla Motors  production floor, “or as the story goes”, I am sure he will get the production ramped up. 

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