Stoic-Trader

TSLA – Testing strong support

Long
NASDAQ:TSLA   Tesla
Tesla has been a falling knife in 2022, but technical factors indicate that we may be very close to a bottom.

Some points to consider:

a. Gray support zone at $90-$100

b. 161.8% ABC extension at $91.17

c. Valid wave count for light blue wave 5

We could se some more downside choppiness before any reaction, in a bull-bear fight on the gray zone.

A solid reversal to the upside would target next major resistance level at $180.

📈 Experienced Crypto trader
👍 Simple, actionable content
🌊 Elliott Wave junkie
🧠 Trading psychology hacks
🎖️ Premium VIP Discord Server ($4.99/mth for a limited time - check link below)

linktr.ee/stoic.trader
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.