AdrianBucor
Long

TSLA - Potential scenarios

NASDAQ:TSLA   TESLA INC
We are likely to hit 161.8 fib from previous move @191.10 while also at support and oversold RSI condition, so there is a potential long setup at 38.2% retracement @216.58 or even 50% fib if you consider the minor levels of structure that we've created @224.57-232.56 range. After this move we could see continuation of a down trend when shorting at those levels with profit targets at 127.2% fib @172.27 also at structure to close off half of the position set stops at break even and hold off the rest till 161.8% @148.83 which also comes out at level of structure.
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