TeslaShort
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.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.