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TSLA 1W
Why do I expect price to move lower towards 148 USD?
Firstly, let's look at the chart.
What can you can read from the chart?
What do I expect will happen based on my readings?
I believe price will move back towards local PoC around 148 USD.
Firstly, let's look at the chart.
What can you can read from the chart?
- Price has moved sharply up after correction testing fib 0.382 (from ATH)
- Price has been creating lower highs (LH) for last several months.
- Price is currently below Ichimoku Cloud (strong resistence).
- Price is below strong resistance (used to be a very strong support).
What do I expect will happen based on my readings?
I believe price will move back towards local PoC around 148 USD.
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