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Effler
Mar 8, 2021 1:21 PM

TSLA in Bouncetown? Fib Fan WKLY Candle Long

Tesla, Inc.NASDAQ

Description

Is the drop over? I posted a Fib Speed Resistance Fan a couple of weeks ago that is playing out perfectly so far. With this chart I changed the Candles to WKLY where we are seeing a consistent Fib Fan retracement to the .5 level. Over the last year, TSLA has either bounced off that level to new ATHs, bounced to .382 followed by a return to .5 before jumping to a new ATH, or at one point in the past year hitting a .618 retracement...Looks like Kathy Woods isn't believing the .618 retrace is in the cards..
Comments
Hiddenharmonicstrading
nice chart!
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