• TSLA is once again reacting above our key support line at $165, which we already mentioned yesterday (the link to my previous analysis is below this post, as usual);
• Only if TSLA loses the $165 we would see a sharper correction ahead, probably to fill the previous gap around $161 (yellow square);
• On the daily chart, we see why the $165 is so important: This key point was a previous resistance level, and now it is acting as a support (Principle of Polarity);
• By losing this key support, TSLA would reject the previous bullish pivot point (previous higher high/low), making a new low;
• In this case, the mid-term target is at $154. I’ll keep you updated on this, as usual.
I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
• Only if TSLA loses the $165 we would see a sharper correction ahead, probably to fill the previous gap around $161 (yellow square);
• On the daily chart, we see why the $165 is so important: This key point was a previous resistance level, and now it is acting as a support (Principle of Polarity);
• By losing this key support, TSLA would reject the previous bullish pivot point (previous higher high/low), making a new low;
• In this case, the mid-term target is at $154. I’ll keep you updated on this, as usual.
I’ll keep you updated on this. Remember to follow me to keep in touch with my daily analysis.
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