- Tesla broke the support zone
- Likely to fall to support level 260.00
Tesla recently broke the support zone located between the support level 294.00 (former resistance from April and March) and the 50% Fibonacci correction of the upward impulse from April.
The breakout of this support zone accelerated the active minor ABC correction 2 from the end of May.
Tesla can be expected to fall to the next support level 260.00, which is the former resistance from the start of April.
By the FxPro Analyst Team
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By the FxPro Analyst Team
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
Follow our dedicated Telegram channel t.me/fxpro for insightful market analysis and expert commentary.
Reach out to media.comments@fxpro.com for PR and media inquiries
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.