Tesla is currently ranging, seeeking BSL, may drop to $120 even $115 just to rebalance the price and to retest BoS that has formed at that price level. Price is still in a bearish trend ,that's the reason for my opinion on my analysis, It may do otherwise by continuing higher.
A couple of weeks ago I shared my analysis on the Tesla stock and we are currently at that level, wait for earnings to drop then we'll see what happens, after that we patiently waiting for price to give an indication that it will turn bullish. Couple of news events taking place this week ,also an indicator for market sentiment analysis. Patience practiced, it...
Price still trade at lower band of the channel, waiting for price to break to the downside to test weekly BPR. However price pushes for a bullish correction ,probably testing the fibonacci GPZ then price pushes towards the BPR. Once price bounces into BPR (possible retesting of the zone) long positions can strongly be considered.
My view on Tesla on the weekly time frame, it my retest the fibs levels at the FVG or it can still drop towards the imbalance