I've highlighted the critical support and resistance levels, where we see more volatility and volume. If we are able to break through that resistance, we will see bullish price action, and if we retest and see a pullback, we will see bearish price action. In both cases, you can use the support and resistance to your advantage.
Note
When we tested the resistance, we saw a significant pullback, indicating bearish price action. The first smaller support, according to my analysis, is 275.77. If we are able to break through that, the price will reach the main support marked in the chart.Note
TSLA IS BULLISH PERIOD . BULLS HAVE TAKEN OVER PLUS WE BROKE THE RESISTANCE . SEE YOU AT 313Note
I was a little too hasty, I believe, and fell for the bull trap as well as missing out on that gigantic ascending wedge forming on the hourly chart.
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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.