TESLA continuation of previos roadmap!
Updated
So guys here it is my new chart for TESLA continuing previous road-map from last chart, following nicely except of big pullback because of the news of quarterly earning that pulled down the price to 220$ levels but, thats I think good think cause give us a little windows to hop back in to LONG position again.
I personalty did snatched a little at 235$ level didn't get lower but for now holding with the stops just bellow that price, or if you got in at 220$ STOP there.
So if we follow first wave purple like on previous chart and hit 260$ level we pass 50% fib that I think will be our sign and decision for future, here we will have up or down movement long term.
1. GREEN wave first sell target at around 78% fib and previous wiggle around level 330$, then second sell target at previous 2y HIGH at 390$
For getting these levels I think that we have to have change of sentiment for TELSA as for now is bad because of all financial problems TESLA company is going trough and off course Elon Musk himself.v If we get a turnaround we could easily hit those sell points.
2. As for RED wave we could surpass 50% extension, retest it, and then fall back down to 200$ and then further to 170IISH levels where will be our firs buy zone ad if we even fall further to previous support (ORANGE line) we hit buy zone II. and from here we should go up with best RR ratio for next wave up, and very nice profit!
Lets see what would sentiment be, and driven by that more than technical analysis price will hopefully follow my road-map and we will act accordingly.!
Thanks for support, likes, and following!
Very much appreciated!
Stay in green, peace!
I personalty did snatched a little at 235$ level didn't get lower but for now holding with the stops just bellow that price, or if you got in at 220$ STOP there.
So if we follow first wave purple like on previous chart and hit 260$ level we pass 50% fib that I think will be our sign and decision for future, here we will have up or down movement long term.
1. GREEN wave first sell target at around 78% fib and previous wiggle around level 330$, then second sell target at previous 2y HIGH at 390$
For getting these levels I think that we have to have change of sentiment for TELSA as for now is bad because of all financial problems TESLA company is going trough and off course Elon Musk himself.v If we get a turnaround we could easily hit those sell points.
2. As for RED wave we could surpass 50% extension, retest it, and then fall back down to 200$ and then further to 170IISH levels where will be our firs buy zone ad if we even fall further to previous support (ORANGE line) we hit buy zone II. and from here we should go up with best RR ratio for next wave up, and very nice profit!
Lets see what would sentiment be, and driven by that more than technical analysis price will hopefully follow my road-map and we will act accordingly.!
Thanks for support, likes, and following!
Very much appreciated!
Stay in green, peace!
Trade closed: stop reached
Got stopped out at 240$ level on retreat...now looking to get back in if price bounces from uptrend line then on 235$ if bursts more down then on support 220 or lower.
Hang on..
Peace!
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