Madrid

This is topping between 250-252

Short
NASDAQ:TSLA   Tesla
1
There is a strong Support/Resistance area between 250 and 252, which hasn't been broken. It is at the tip of an ascending wedge with a negative momentum divergence, along with very little orders beyond 2000. Which can be read as few institutional participation since it reached the third wave in the uptrend. If this level is not broken then
Today's close is still weak. if the support trend line is broken on Monday then a downtrend will be ignited.

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.