What Color Is Your Tesla 🚘

Hello TradingView Family / Fellow Traders,

On Weekly: Left Chart
TSLA has been hovering inside a range between the $200 support and $300 resistance.

Lately, TSLA has been bearish trading inside the falling blue channel and it is currently approaching the lower bound and $200.0 support.

🏹 Hence, as long as the 185.0 support holds, we will be looking for buy setups on lower timeframes.

On H1: Right Chart
📈 For the bulls to take over, we need a momentum candle close above the last major high in gray at 218.0

📉 Meanwhile, TSLA would be bearish and can still trade lower to dive inside the 185-200 support zone before trading higher.

📚 Always follow your trading plan regarding entry, risk management, and trade management.

Good luck!

All Strategies Are Good; If Managed Properly!
~Richard Nasr