Important Volatility Period: Around August 21

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(TSLA 1D chart)

The medium-term trend is maintaining an uptrend.

However, if the price falls below the M-Signal indicator on the 1M chart and maintains, there is a possibility of a downtrend, so caution is required.

The support zone is
1st: 222.15-235.59
2nd: 172.16
Around the 1st and 2nd above.

The 268.07-311.48 zone is an important support and resistance zone.

If the price is maintained above this zone, there is a high possibility that a full-scale upward trend will continue.

However, since a resistance zone is formed in the 347.21-382.40 zone, we need to look at how this zone is broken upward.

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When it falls to the 172.16-234.59 zone, we need to find a time to buy.

If not, we need to buy when it shows support in the 268.07-311.48 zone.

It would be better to buy at a lower price, but since the investment period will inevitably be longer, I think it is better to buy when an upward trend is detected.

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The important volatility period is around August 21st, but before that, we need to check the movement around July 25th.

If it falls below 268.07 after August 21st, it could lead to further decline.

If it rises above 311.48 and maintains the price during the movement around July 25th, it could lead to further increase and it seems likely to create a trend after the volatility period around August 21st.

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Thank you for reading to the end.
I hope you have a successful trade.

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