TSLA - Fibonacci Support and Double Bottom = Higher Prices?

NASDAQ:TSLA   Tesla, Inc
TSLA Daily
  • Nice recovery on TSLA after breaking 800 forming a Hammer candle.

  • Price came right into Fib Cluster at 776-784 made up of 1.618% ext. 50% retracement and 100% symmetry projection.

  • Also nice double bottom from Jan 29 low.

  • Can we move up from here, Upside is pretty healthy.

  • Only issue is Daily Squeeze momentum is still to the downside.


  • Price Stopped at 1.618% Ext. and 100% Symmetry at 784.24 to 785.21.

  • Moves terminate at extensions.

  • 1HR SQZ forming and momentum looking to move to upside.

  • Fib Resistance Levels that TSLA needs to break through to continue movement to the upside.


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