Tesla stock BUYING opportunity

slow week for Tesla so far and as you guys know we expected that after the massive run last week on earnings we noted that on the weekly chart there is still a ton of bullish accumulation we're still getting higher highs on the BX trender histagram which is indicative of institutional buying this is a good sign because when institutions begin to buy they are the ones who can actually move the market for us now we saw a couple of days ago P back couple of percent you can see that basically from highs of $273 to where

we are right now is a cooling off of about 5% and I didn't make a video yesterday because I didn't feel that that selloff really warranted any type of update because the daily chart is still showing higher highs on the BX trender and the weekly chart is still showing higher highs on the BX trender now I will be going away for Halloween so I'm not going to be here tomorrow which is why I wanted to give you my end of the week update and really some key things that I'm going to be focusing on Tesla

as we close out this week the first thing is going to be on the weekly chart now the strongest chart that we have is really the monthly chart which is showing a massive breakout for the next year and the weekly chart which is showing a potential rejection but over the next couple of months a breakout to $360 and $400 we need to make sure that this week the BX trender which is the indicator at the bottom of your screen continues to close with higher highs as we saw back within this breakout in June as well

as this breakout within September if we get lower highs as we've seen back here prior that would be an indication of a potential rejection and selloff like we've seen before you'll notice as well that we have a very strong resistance level sitting here between 260 and $280 and this is not a normal resistance level this is what we call a liquidity Zone and the reason for that is that there are a lot of sell orders sitting up there that every single time price moves up into that range those sell orders trigger not enough buyers step

in and price sells off what this does is it conditions everyday Traders and investors so retail Traders and investors to go short there or remove their long positions at that area if we just isolate this section here for basically the past 400 days you'll notice that we have what's called an inverted Head and Shoulders pattern this occurs when price sells off into a low bounces back up into an equal resistance level sells off again into a lower low this is where the head forms and then instead of going into a lower high and continuing the

sell off we come all the way back up to test the this old resistance that is the very important aspect of this pattern because the Bears did not step in enough to sell this back off into a lower low later instead it sold off into a higher low so when that higher low is formed and it equals roughly around that left shoulder that is usually a very good sign the price is going to push back up into this resistance level or this neckline and from there the price is going to break out to the side

that's why our target has been setting around 300 by the end of this year with highs of 340 to 360 into the beginning of next year and as we talked about the last video everyone is expecting a significant pullback on Tesla and that could happen right if we take a Fibonacci retracement from swing low up to swing high on the 1 hour you'll notice that our institutional buy Zone that we're usually looking for is sitting down here between 236 and 224 but what you have to understand is that this move here was not for something

that was not fundamental it's not like they it's not like it was some random news that could have pumped this the stock like no not at all this was for a fundamental reason and I think that this is where the great repricing for Tesla occurs within 2025 and 2026 and when we see these types of massive moves within a single week where you know a company of Tesla size can move 25% to the upside I feel that it's very tough to imagine that big money is going to allow this to come back down to 220

that's why even though I was up at $ 1.200 th000 last week when we were trading around highs of about 280 I still held my CS because I understand that over the next 12 to 18 months that there is a very high chance that Tesla will continue to move move and I'm okay with not realizing a short-term profit and potentially even giving back some or most of my gains in the shortterm in order to make a massive return in the next 12 to 18 months let me know what you guys think in the video If

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