TeslaShort
Tesla ($TSLA) Will Reject From These Levels
Timeframe: 15-Minutes
Ticker:TSLA
Trade Type: Short
Setup Details:
- Entry: $464.87
- Stop-Loss: $470.50
- Target 1: $457.32
- Target 2: $447.27
Rationale:
- Wave Count: Appears to be completing an extended fifth wave in a corrective structure.
- Resistance Zone: Strong supply near $464.87-$470.50 (highlighted in yellow box).
- Risk-Reward: Favorable with targets aligning to key Fibonacci retracement levels.
Trade Management:
- Monitor rejection candles near the short zone.
- Tighten stops if significant bearish momentum emerges near $457.32.
- Exit partially at Target 1 and ride remaining for Target 2 if momentum sustains.
💡 Disclaimer: This setup is for educational purposes. Do your own research before entering trades.
#Tesla #ElliottWave #Fibonacci #TradingIdeas
Ticker:
TSLATrade Type: Short
Setup Details:
- Entry: $464.87
- Stop-Loss: $470.50
- Target 1: $457.32
- Target 2: $447.27
Rationale:
- Wave Count: Appears to be completing an extended fifth wave in a corrective structure.
- Resistance Zone: Strong supply near $464.87-$470.50 (highlighted in yellow box).
- Risk-Reward: Favorable with targets aligning to key Fibonacci retracement levels.
Trade Management:
- Monitor rejection candles near the short zone.
- Tighten stops if significant bearish momentum emerges near $457.32.
- Exit partially at Target 1 and ride remaining for Target 2 if momentum sustains.
💡 Disclaimer: This setup is for educational purposes. Do your own research before entering trades.
#Tesla #ElliottWave #Fibonacci #TradingIdeas
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.