TeslaUpdated TSLA eyes on $209 then 205 into Earnings: Key supports if drops
TSLA dumped after the dud we-robot event.
Now we have earnings report coming tonight.
Earnings could reverse the drop or continue it.
$ 209.26 (dashed Fib) is a Covid Fib recently proven
$ 205.17 (thick blue) is a Genesis Fib but minor ratio
$ 212.92 (thin red) is wave down from top, major ratio.
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Now we have earnings report coming tonight.
Earnings could reverse the drop or continue it.
$ 209.26 (dashed Fib) is a Covid Fib recently proven
$ 205.17 (thick blue) is a Genesis Fib but minor ratio
$ 212.92 (thin red) is wave down from top, major ratio.
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Trade active
BOOM(yellow shaded part is from posting time).
I guess we all know what and why this popped.
But lets stake a closer look:
Green stripe fib series based on news Impulse.
We have some decent Pings to confirm fib series.
Which gives a first guess target:
$ 306.13 is the first guess of wave target.
But on the way:
We will face 2 resistances:
$ 270.50-272.82 will be strong resistance
$ 292.52-295.70 will defend 300 round.
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SUMMARY:
- We caught the BIGGEST move in a LONG time.
- We have an optimistic Target of $306.13 for now.
- We have two resistance zones to watch for dips.
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Trade closed: target reached
"Strong Resistance" indeed Turbulence exactly where we expected it.
Scalpers should have taken some/all profits.
Holders should have sold some, buy back dips.
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Zoom IN (m1)
Several PING's heard on various fibs, all good.
Watching support zone below, $262.14-262.36
Lets see if this dip forms shallow bottom there.
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the Golden Ratio is my Religion
the Trading View is my Nation
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the Trading View is my Nation
the Moderator Tag is my Flag
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the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
the Trading View is my Nation
the Moderator Tag is my Flag
Related publications
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.