Technical Analysis

Tesla Forecast Follow Up And Update

Hi Traders! Tesla forecast follow up and update is here. On August 13th I shared this Tesla Technical Analysis And Forecast post in my blog. In this post, let’s do a recap of this setup and see how it has developed now. If you would like to learn more about the way we trade and the technical analysis we use then check out the Traders Academy Club. Spoiler alert – free memberships are available!

Missed this trade?

Never miss a trade opportunity again! Join the Traders Academy Club

Now let’s summarize the idea first:

My Idea:

On the H4 chart, we had a correction that was happening in the form of consolidation and the price had broken above this consolidation. Also, there was no evidence that showed the trend is over. So I mentioned that until the bottom of this consolidation holds my view was bullish and I expect the price to continue higher further.

Tesla H4 (4 Hours) Chart Current Scenario

On the H4 chart, the price action followed my analysis. After the breakout of the consolidation the price was holding the breakout and respecting it, there were no contradictory signs. The price then moved higher as I expected it to and provided a wonderful move to the upside. Currently, on the H4 chart, we have a potential bearish divergence that is forming at the moment, this is something that we need to pay attention to. As I always suggest when you see contradictory signs like this, then you should consider managing your trade and secure your profits (cash out or partial cash out or trailing protections or partial hedge, etc.. depending on the strategy that you work with).

Note: If you want to learn about Money Management you can find it here

You can see this move clearly on the H1 chart below:

So, traders, this is why I wanted to show this example to help you understand how important it is to follow the facts. When the facts do happen as we expected you can see how the price moved perfectly as per the plan. Because these are the kind of hints the market provides us at majority of the times and it’s our obligation as traders to be able to listen to these things that the market tells us and we should try to make the right actions”.

For similar trade ideas and much more join the Traders Academy Club and get access to our complete watch list and trade report. 

This is how the report looks like. A table with the hottest market opportunities, screenshot behind every pair and time frame (anything that is in blue inside the table is clickable and leads to a screenshot) + a summary in text format, kind of highlights. And of course, Live Market Analysis every single day.

 

If you have any further questions, don’t hesitate to drop a comment below!

 

To your success,

Vladimir Ribakov
Certified Financial Technician

 

Advertisement

Click To Join Our Community Telegram Group

Vladimir Ribakov

Following 11+ years of trading experience, trading my own accounts as well as for hedge funds and brokerages, I have decided to fulfill my destiny and to personally mentor Forex and Commodities traders. When I released the “Broker Nightmare” (software that hides trades from brokers) 8 years ago, I found an overwhelming number of frustrated people who genuinely wanted to learn how to trade the Forex market, but instead found themselves scammed and misled. Over the years I have also release other trading systems based on my trading strategies, and met a lot of people on my worldwide Forex seminars. We’ve formed a close Forex community and we meet once or twice a year in various locations in Europe.

Recent Posts

Weekly Summary And Review 22nd November 2024

Hi Traders! Arvinth here from the Home Trader Club team. The weekly summary and, review of November…

3 hours ago

Futures Subdued As Nvidia’s Forecast Disappoints, Geopolitical Tensions Mount

U.S. stock index futures were subdued on Thursday, as AI-heavyweight Nvidia's revenue forecast failed to…

1 day ago

Litecoin Short Term Forecast And Technical Analysis

Hi Traders! Litecoin short term forecast and technical analysis is here. We do our analysis…

1 day ago

NASDAQ Short Term Forecast Follow Up And Update

Hi Traders! NASDAQ short term forecast follow up and update is here. On September 4th…

2 days ago

EURCAD Technical Analysis And Short Term Forecast

Hi Traders! EURCAD technical analysis and short term forecast is here. We do our analysis…

2 days ago

GBPNZD Short Term Forecast Update And Follow Up

Hi Traders! GBPNZD short term forecast update and follow up is here. On Sep 3rd,…

3 days ago