TSLA ~ Snapshot TA (Daily / Nov 2023)
Updated
TSLA chart mapping/analysis.Continuation of bearish price momentum.
Bull target(s)
- Breakout above 38.2% Fib
- Overhead gap fills (~242.08 / ~289.52)
- Descending trend-line resistance (white dotted)
- 50% Fib
- Upper range of descending parallel channel resistance (white)
- Ascending trend-line resistance (green dotted) aka "return to scene of crime"
- 50% Fib + trend-line/parallel channel "super" confluence resistance zone
- Gap fill (~289.52) + Golden Pocket Fib confluence resistance zone
Bear target(s)
- Ascending trend-line support (green dotted)
- Descending trend-line support (white dotted)
- 23.6% Fib
- Underlying gap fills (~162.95 / ~146.41 / ~122.63 / ~114.39)
- Lower range of ascending parallel channel (light blue) + gap fills(s) (~146.41 / ~122.63) confluence support zone(s)
Comment
Note: TradingView chart was dividend adjusted (ADJ) when mapped.Comment
TSLA hits overhead gap fill ~242.08. Next target 50% FIb/upper range parallel/ascending trend-line confluence zone if bullish momentum continues.Accumulation/island reversal adds to bullish thesis.
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