Since 2014 Tesla is trading in between a Trading-Box. The Box reaches from 183-270$.
The last weeks we have reached the upper edge of the box. This is a nice Level to short Tesla. SL should be above the box`s upper edge. Target is the bottom edge of the Box. The bottom of the edge is furhermore corresponding to the 38,2 fibo (28-292) - this should be a strong Support.
Clear Trading-Levels are the box`s edges. Above the Box Long, Below the Box: Short it :-)
In the Chart i illustrate a possible shortposition - TP1 is the trendchanel @ 210 TP2 183
Good trades!
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The last weeks we have reached the upper edge of the box. This is a nice Level to short Tesla. SL should be above the box`s upper edge. Target is the bottom edge of the Box. The bottom of the edge is furhermore corresponding to the 38,2 fibo (28-292) - this should be a strong Support.
Clear Trading-Levels are the box`s edges. Above the Box Long, Below the Box: Short it :-)
In the Chart i illustrate a possible shortposition - TP1 is the trendchanel @ 210 TP2 183
Good trades!
If you like my analysis and find it useful, please take a second and hit the LIKE button and follow me. It takes some time to create these posts and your LIKES let me know it is helpful to you. As always, any comments are welcome. Agree or disagree.