Tesla (TSLA) at Critical Support | Potential Reversal Ahead?
This is a technical analysis chart of Tesla, Inc. (TSLA) on a 4-hour timeframe.
Key Observations:
Fibonacci Retracement & Extension Levels
Fibonacci retracement levels are plotted, showing key resistance and support areas.
The 1.618 Fibonacci extension level (~298.30) is acting as a key support zone.
The price is currently near this support, suggesting a possible reversal.
Bearish Trend & Support Test
Tesla has been in a downtrend, making lower highs and lower lows.
The latest price action suggests a sharp decline, reaching strong historical support.
Potential Bullish Reversal (Red Arrow Projection)
The chart indicates a potential bounce from the 298-300 support zone.
A bullish recovery could aim toward Fibonacci levels at 406 (1.0), 443 (0.786), and 473 (0.618) as resistance levels.
Conclusion:
If TSLA holds above the 298 support, a bullish reversal could push prices higher.
A break below 298 could lead to further downside.
Traders should watch for confirmation signals like strong bullish candles or increased volume before entering a trade.
Key Observations:
Fibonacci Retracement & Extension Levels
Fibonacci retracement levels are plotted, showing key resistance and support areas.
The 1.618 Fibonacci extension level (~298.30) is acting as a key support zone.
The price is currently near this support, suggesting a possible reversal.
Bearish Trend & Support Test
Tesla has been in a downtrend, making lower highs and lower lows.
The latest price action suggests a sharp decline, reaching strong historical support.
Potential Bullish Reversal (Red Arrow Projection)
The chart indicates a potential bounce from the 298-300 support zone.
A bullish recovery could aim toward Fibonacci levels at 406 (1.0), 443 (0.786), and 473 (0.618) as resistance levels.
Conclusion:
If TSLA holds above the 298 support, a bullish reversal could push prices higher.
A break below 298 could lead to further downside.
Traders should watch for confirmation signals like strong bullish candles or increased volume before entering a trade.
Trade fermée: cible de profit atteinte
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Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Publications connexes
Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.