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Tesla
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Bearish divergence. Will TSLA pullback?

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Hi Traders,

  • TSLA is showing multiple bearish divergences on the 4HR chart.
  • TSLA has rejected $200 area 5 times.
  • Wave 3 of 5 extended to the 3.61 area; I expect a healthy bullish pullback to the $150 area, but TSLA has strong support at the $170-$175 area.
  • TSLA could extend to the 4.61 area ($213), ignoring the bearish divergence



Happy Trading!


TSLA Wave 3 Extensions shown below:

snapshot


Note
TSLA found $213 resistance and is pulling back. Support areas are shaded blue below. A healthy bullish pullback is any bounce from the 38%, 50%, or 61% retracement levels

snapshot
chiefwils0n
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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.
Chart PatternsTechnical IndicatorsTrend Analysis
chiefwils0n
Also on:

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.