TSLA – Testing strong support

Tesla has been a falling knife in 2022, but technical factors indicate that we may be very close to a bottom.

Some points to consider:

a. Gray support zone at $90-$100

b. 161.8% ABC extension at $91.17

c. Valid wave count for light blue wave 5

We could se some more downside choppiness before any reaction, in a bull-bear fight on the gray zone.

A solid reversal to the upside would target next major resistance level at $180.