TSLA, recession?
Updated
-We can see the asset in a long uptrend
-We currently have a correction that could target the FIBO gold region at $102.63 if the recession really hits the door and we get an increase in US interest rates.
-The salvation for more abrupt declines is with prices respecting the region of $148.14 as support, where, below, we have the long average that could help serving as support on the weekly chart!
-Another factor that could help is the median of the long bullish channel.
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
-We currently have a correction that could target the FIBO gold region at $102.63 if the recession really hits the door and we get an increase in US interest rates.
-The salvation for more abrupt declines is with prices respecting the region of $148.14 as support, where, below, we have the long average that could help serving as support on the weekly chart!
-Another factor that could help is the median of the long bullish channel.
-Do your analysis and good business.
-Be Aware, If You Buy, Use Stop!
Note
-The asset is losing the long period average, the median of the channel. -Will it even fetch FIBO's Auera Region (1,618) at $102.63.
-For this not happen, prices have to stay above $148.14
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