Tesla drop stopped right onto what would be its right shoulder of a bullish reverse head & shoulders pattern.
As long as this support holds, the potential is bullish towards the all-time high near $414.50 then $500.
Otherwise, a break below the recent low near $194 would invalidate it and would probably mean that Tesla is in a longer process triangle formation.
Next support would be in the $136 area.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.