Tesla is consolidating in a tight range, showing bearish pressure near the lower boundary of the formation. Moving averages (MA 5/10/30/60) are flattening, indicating a loss of bullish momentum, while the Wavetrend oscillator has issued a sell signal (bearish crossover below the zero line). A downside breakout from this range projects a potential move toward the $250 level, as illustrated by the measured move. This bearish scenario gains validity if price breaks below the $315 support level.
Possible TP: 250 USD
Possible TP: 250 USD
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.