I am seeing continuation to the downside of TESLA with all the market sentiment of Tariffs. TESLA has touched a previous order block as expected on the downward movement, closing with a support on the $252/255 area. I am awaiting 2 possible situations depending on Monday's ORB movement.
1- That TESLA will move up to the $384/382 area to retest Trendline and continue to liquidate orders down to the next order block which is in the range of $212/215 to commence a bounce to recovery.
2- Tesla will continue to drop from current range towards to the lowest order block to $212/215 for a bounce back.
Looking forward to possible news to validate sentiments in order to make these moves happen.
So far on prediction 23/0 so I am confident this is the markets intention for now.
1- That TESLA will move up to the $384/382 area to retest Trendline and continue to liquidate orders down to the next order block which is in the range of $212/215 to commence a bounce to recovery.
2- Tesla will continue to drop from current range towards to the lowest order block to $212/215 for a bounce back.
Looking forward to possible news to validate sentiments in order to make these moves happen.
So far on prediction 23/0 so I am confident this is the markets intention for now.
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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.