Tesla -> Ready For The Pump
Hello Traders,
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla stock is about to once again retest a previous weekly support zone exactly at the
175 area.
You can also see that weekly market structure is bullish again so I am now just waiting for a deeper retest of the area before I then do expect a pump away from the support zone to retest the next resistance at $195.
On the daily timeframe you can see that Tesla stock already had a first initial rejection away from the zone, showing that there is definitely some buying pressure at the support area, so I am just waiting for a daily retest and then a rejection towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
https://www.tradingview.com/chart/TSLA/kY0TkGTt-Tesla-Preparing-The-Break/
welcome to this free and educational multi-timeframe technical analysis .
On the weekly timeframe you can see that Tesla stock is about to once again retest a previous weekly support zone exactly at the
175 area.You can also see that weekly market structure is bullish again so I am now just waiting for a deeper retest of the area before I then do expect a pump away from the support zone to retest the next resistance at $195.
On the daily timeframe you can see that Tesla stock already had a first initial rejection away from the zone, showing that there is definitely some buying pressure at the support area, so I am just waiting for a daily retest and then a rejection towards the upside.
Thank you for watching and I will see you tomorrow!
You can also check out my previous analysis of this asset:
https://www.tradingview.com/chart/TSLA/kY0TkGTt-Tesla-Preparing-The-Break/
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