TSLA eyes on $209 then 205 into Earnings: Key supports if drops

已更新

TSLA dumped after the dud we-robot event.
Now we have earnings report coming tonight.
Earnings could reverse the drop or continue it.

$ 209.26 (dashed Fib) is a Covid Fib recently proven
$ 205.17 (thick blue) is a Genesis Fib but minor ratio
$ 212.92 (thin red) is wave down from top, major ratio.

=================================================

.

交易進行

BOOM

(yellow shaded part is from posting time).

I guess we all know what and why this popped.

But lets stake a closer look:

Green stripe fib series based on news Impulse.
We have some decent Pings to confirm fib series.

Which gives a first guess target:

$ 306.13 is the first guess of wave target.

But on the way:

We will face 2 resistances:
$ 270.50-272.82 will be strong resistance
$ 292.52-295.70 will defend 300 round.

.

SUMMARY:
- We caught the BIGGEST move in a LONG time.
- We have an optimistic Target of $306.13 for now.
- We have two resistance zones to watch for dips.

==============================================================

.

交易結束：目標達成

"Strong Resistance" indeed

Turbulence exactly where we expected it.
Scalpers should have taken some/all profits.
Holders should have sold some, buy back dips.

.

Zoom IN (m1)

Several PING's heard on various fibs, all good.
Watching support zone below, $262.14-262.36
Lets see if this dip forms shallow bottom there.

===============================================================

.