NickC_

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.

TSLA - 1HR

  • 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.

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.