Fig. 1 displays a potential re-entry of NASDAQ:TSLA (Tesla Inc.) into the range of $400-588 as our target. This analysis is based on a slight confirmation of the Fibonacci guide .618 ratio (indicated in green) as observed in late April this year. There is room for future confirmation if the price recedes below the moving average cross (MA cross) Fig. 2.
[Fig. 3] We can anticipate a slight downturn in the price of NASDAQ:TSLA, from its current level of $259, towards or below the moving averages indicated by the cyan and blue indicators. This potential dip is expected to be followed by an upward rebound, leading to a re-test of Zone 1.