A series of bullish candles formed from 21 Dec during the pump from support line @ 888.5
Currently, we expect a pullback or retracement as TESLA hits its resistance zone @ 1075.7
A good BUY ZONE is @ the 0.618 fib level - 985 to 1007 zone (shown in the chart as white box)
This region also qualifies as retesting the top of descending channel that TSLA broke out of previously.
SL below or at 935
TP1 1078
TP2 1170
Currently, we expect a pullback or retracement as TESLA hits its resistance zone @ 1075.7
A good BUY ZONE is @ the 0.618 fib level - 985 to 1007 zone (shown in the chart as white box)
This region also qualifies as retesting the top of descending channel that TSLA broke out of previously.
SL below or at 935
TP1 1078
TP2 1170
Trade closed manually
Well Tesla didnt pullback much for an our opportunity, it did hit the EXACT TP level and pulled back as predicted!
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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.
Related publications
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.