Tesla's Shocking Plunge: Is the Bubble Finally Bursting?

Jul 12

This is a Walk through of How i Took Advantage of the Giant Move on TSLA

Current Price Action:

The current price is $240.89, reflecting a decrease of $7.20 (or 2.90%).
Liquidity Zones (LQZ) / Take Profit (TP) Levels:

There are two marked LQZ/TP levels:
LQZ/TP 1 at $263.53
LQZ/TP 2 at $270.21

Support and Resistance:

Multiple dashed lines indicate key support and resistance levels:
$138.36, $142.18, $145.51 (support zones)
$159.45, $168.98, $173.21, $175.92 (support/resistance zones)
$260.27 (resistance)
$300.01 (resistance)

Trend Lines:

A downward-sloping trend line (dashed blue) from previous highs suggests a long-term bearish trend.
Price recently broke above this trend line, indicating a potential change in trend or a strong bullish move.

Candlestick Patterns:

Recent candlesticks show a strong upward move followed by a pullback, which is typical after a strong rally.

Volume:

Volume is indicated, with the latest volume bar showing 6.468 million shares traded.