Paolodamus (@paolodamus) 's Twitter Profile
Paolodamus

@paolodamus

Kinda sorta addicted to charts and technical analysis. It's like astrology for chart bros // Long term pragmatic $TSLA investor // NOT FINANCIAL ADVICE

ID: 1688032121368301568

linkhttps://www.tesla.com/referral/paolo77828 calendar_today06-08-2023 03:39:58

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Paolodamus (@paolodamus) 's Twitter Profile Photo

$TSLA Cybercab in testing? Cybervan in testing? 10/10 just around the corner... Time to start buying the rumor... πŸš€πŸ“ˆπŸ“‰

Paolodamus (@paolodamus) 's Twitter Profile Photo

Closed this $TSLA 9/13 -230c/+240c credit spread for a 0.18 dr. πŸ’΅ Credits Received: +$189 ❌ Cost to close: -$18 πŸ’° Net profits: +$171 P&L (+90%) This was a bet that $TSLA would not close above $230 for today's expiration and PA has been hovering ~$229 all day.

Closed this $TSLA 9/13 -230c/+240c credit spread for a 0.18 dr. 

πŸ’΅ Credits Received: +$189
❌ Cost to close: -$18
πŸ’° Net profits: +$171 P&L (+90%)

This was a bet that $TSLA would not close above $230 for today's expiration and PA has been hovering ~$229 all day.
Paolodamus (@paolodamus) 's Twitter Profile Photo

Good idea to always check your biases and invert the chart from time to time. Good tip! This is $TSLA inverted. Put 1/TSLA on your charting software to invert.

Paolodamus (@paolodamus) 's Twitter Profile Photo

$TSLA 1h - Opening bell looks particularly bearish. We have created two lower highs topping out near cycle high stochastic at the market structure resistance of ~$234. At this point a retracement expects a potential support bounce at the 0.5/0.618 lines at $221.59/$218.98

$TSLA 1h - Opening bell looks particularly bearish. We have created two lower highs topping out near cycle high stochastic at the market structure resistance of ~$234.

At this point a retracement expects a potential support bounce at the 0.5/0.618 lines at $221.59/$218.98
Paolodamus (@paolodamus) 's Twitter Profile Photo

$TSLA 9/13 Gamma exposure seems to be tilted towards the high side. Not surprising as the market structure at $234 continues to be a strong resistance. Price action continues to wedge into a rising triangle pattern (typically bullish). Note that GEX is high at $235 for 2DTE.

$TSLA 9/13 Gamma exposure seems to be tilted towards the high side.

Not surprising as the market structure at $234 continues to be a strong resistance.

Price action continues to wedge into a rising triangle pattern (typically bullish).

Note that GEX is high at $235 for 2DTE.
Paolodamus (@paolodamus) 's Twitter Profile Photo

ro$TSLA 1d - Price action continues to be stuck on the 10/10ofib extension resistance ~ $231.15. We've been tracking the market structure at $234 for awhile and we're seeing this one act as a strong resistance as price action continues to wedge into a rising triangle against

ro$TSLA 1d - Price action continues to be stuck on  the 10/10ofib extension resistance ~ $231.15. 

We've been tracking the market structure at $234 for awhile and we're seeing this one act as a strong resistance as price action continues to wedge into a rising triangle against
Paolodamus (@paolodamus) 's Twitter Profile Photo

Holy cow this $TSLA $234 market structure resistance is so strong it knocked out the bullish god candle on the 1 minute chart post FOMC decision. Look at the VI+ on the 15 minute chart. It just nose dived. RSI is cycling into overbought. Stochastic ~70 Squeeze continues.

Holy cow this $TSLA $234 market structure resistance is so strong it knocked out the bullish god candle on the 1 minute chart post FOMC decision.

Look at the VI+ on the 15 minute chart. It just nose dived.

RSI is cycling into overbought. Stochastic ~70

Squeeze continues.
Paolodamus (@paolodamus) 's Twitter Profile Photo

Reposting this to $TSLA since my typo knocked out the ticker symbol. 1d chart commentary from 2 hours ago pre FOMC decision. Analysis still unchanged per the chart. In terms of rate cut decision effecting the stock: more on the bullish side in near term.

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In general the FOMC -50bps decision is positive for $TSLA in 2025. If the market is correct to expect -100 bps by year end we could be looking at consumers looking to buy vehicles at 3-4% next year; which makes the vehicles much more affordable. This means less cost on Tesla's

Gary Black (@garyblack00) 's Twitter Profile Photo

The Fed cut rates by 50bp today, and posted a dot plot that signals an additional 50bp cuts before year-end. The Fed signaled an additional 100bp cuts in 2025. Markets now expect an additional 75bp cuts by year-end. Equities rallied on the news, led by long duration growth.

The Fed cut rates by 50bp today, and posted a dot plot that signals an additional 50bp cuts before year-end.  The Fed signaled an additional 100bp cuts in 2025. Markets now expect an additional 75bp cuts by year-end.  Equities rallied on the news, led by long duration growth.
Paolodamus (@paolodamus) 's Twitter Profile Photo

I'm aligned with this post. When $TSLA returns to EPS growth, watch out. πŸš€πŸ“ˆ Until then, expect βž‘οΈπŸ“‰πŸ“ˆπŸ“‰πŸ“ˆ

Paolodamus (@paolodamus) 's Twitter Profile Photo

$TSLA 1d - It's undeniable now that we are having a BoS, or break of structure. If today's candle closes over $234 then we have a ChoCh. Price action is pushing up through low volume on the volume profile heading towards our fib ext target of $248. At this point a

$TSLA 1d - It's undeniable now that we are having a BoS, or break of structure. 

If today's candle closes over $234 then we have a ChoCh. 

Price action is pushing up through low volume on the volume profile heading towards our fib ext target of $248.

At this point a
Paolodamus (@paolodamus) 's Twitter Profile Photo

$TSLA 1d - Rising triangle we've been tracking for awhile against double structure resistances at $234. You can visibly see it now breaking upwards through low volume. 1.0 🎯 $248.81 (1h target is $242.69 on a smaller wave within this larger one) 1.618 Over extension $277.37

$TSLA 1d - Rising triangle we've been tracking for awhile against double structure resistances at $234.

You can visibly see it now breaking upwards through low volume.

1.0 🎯 $248.81 (1h target is $242.69 on a smaller wave within this larger one)

1.618 Over extension $277.37
Paolodamus (@paolodamus) 's Twitter Profile Photo

$TSLA 1h - Over extended on the 1h chart. 1h extension is build on a smaller wave within the larger one, which yields $242.69 target. Price action topping out at $242.50 is close enough. Consider a potential pullback down to previous BoS line $234.73 at the 0.5 fib possible.

$TSLA 1h - Over extended on the 1h chart. 1h extension is build on a smaller wave within the larger one, which yields $242.69 target.

Price action topping out at $242.50 is close enough.

Consider a potential pullback down to previous BoS line $234.73 at the 0.5 fib possible.
Paolodamus (@paolodamus) 's Twitter Profile Photo

$TSLA 15min - As expected, we are topping out for the week. MM is attempting to drive the stock down to max pain, currently at $220. I do not believe they have the strength to do this. Best case scenario is $228 where there is major volume support. However, they will have to

$TSLA 15min - As expected, we are topping out for the week.

MM is attempting to drive the stock down to max pain, currently at $220. I do not believe they have the strength to do this.

Best case scenario is $228 where there is major volume support.

However, they will have to