R1: 585-590 represents the next resistance zone (lower dotted red line)
R2: If a breakout from R1 it will likely go to the 660 price level, representing a 50% retracement from the lows (solid red line).
R3: I do not expect it to pass 660, I expect it to break lower to retest the 350 support (solid black line). If it does pass 660 the next resistance would be 735 (higher dotted red line).
After rejecting one of these resistance levels, I expect TSLA to remain bearish overall, eventually breaking below the 350 support.
R2: If a breakout from R1 it will likely go to the 660 price level, representing a 50% retracement from the lows (solid red line).
R3: I do not expect it to pass 660, I expect it to break lower to retest the 350 support (solid black line). If it does pass 660 the next resistance would be 735 (higher dotted red line).
After rejecting one of these resistance levels, I expect TSLA to remain bearish overall, eventually breaking below the 350 support.
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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.