Rockqet

TSLA Potential for bullish rise | 14th July 2022

Long
NASDAQ:TSLA   Tesla
On the H4, with prices moving within an ascending channel and RSI moving along an ascending trendline, we have a bullish bias that price would drop and rise from buy entry at 707.48 where the pullback support is to the take profit at 792.28 in line with swing high resistance, -27.2% fibonacci expansion and 100% fibonacci projection. Alternatively price could break entry structure and drop to stop loss at 622.08 where the swing low support, 78.6% fibonacci projection and 127.2% fibonacci extension are.

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