TSLA - stars are aligned for a sustainable rebound

I guess we can say that Elon's offloading 10% of his shares was in great part responsible for TSLA's plunge of nearly 29% in the recent weeks and it doesn't help that US markets have also been correcting during this period.

There are now a confluence of technical factors on Telsa' chart that gave conviction to Telsa's rebound yesterday:

Telsa finally hit into a strong support zone around 890-900 on Monday before staging a rebound on Tuesday. I suspect the worst is over for now.

How is this a strong support zone (890-900 region)? Due to a confluence of :

1. a horizontal "ressistence" turned support at 895
2. gap close at 900
3. 50% fibonacci retracement of the BC swing up
4. 100% of the AB retracement projected onto C

Incidentally it appears that Elon is also about done offloading his 10% and the US indices also staged a rebound. With so much aligned, I guess Telsa is looking brighter again in the coming days. :)

Disclaimer: TA is about improving our odds of a successful trade (not a guarantee). This is just my own analysis and opinion for discussion and is not a trade advice. Kindly do your own due diligence and trade according to your own risk tolerance and don't forget that money management is important! Thank you. Do give me a thumbs up if you agree. Feel free to let me know what you think! :)