As it stands TESLA seems to be on a mega-trend of sorts.
We are approaching a former ATH and if breached i believe we can see the targets above in the fibonacci's of 1.13 and 1.272, or higher.
The bearish scenario involves one where we break down market structure starting from $250, which a pull back occurred already signifying potential future support.
Tools utilized are custom Fibonacci's from ATL to ATH with extensions, GANN with magnet tool to specifically denote resistance/support at former levels in alignment with channels.
Right now i'm content with not picking a top or bottom, and i think TESLA is a candidate for buying the dip until otherwise noted by key level violations.
We are approaching a former ATH and if breached i believe we can see the targets above in the fibonacci's of 1.13 and 1.272, or higher.
The bearish scenario involves one where we break down market structure starting from $250, which a pull back occurred already signifying potential future support.
Tools utilized are custom Fibonacci's from ATL to ATH with extensions, GANN with magnet tool to specifically denote resistance/support at former levels in alignment with channels.
Right now i'm content with not picking a top or bottom, and i think TESLA is a candidate for buying the dip until otherwise noted by key level violations.