Long

TESLA LONG ONCE PULLBACK IS COMPLETE WEEKLY CHART

Updated

I believe Tesla will continue to pull back into its .50 - .618 fib zone, after breaking up above its downtrend (black line). I will be waiting patiently and looking to buy between approx $207 – $223. My take profit targets are listed on the chart, with TP #1 at approx $498. This would be a long-term trade for me.

Note

**We're nearing our fib zone post-market today. They announced another price cut to boost slowing sales. I believe TESLA could drop below the bottom of our fib zone at approx $207 to approx $195 to retest the downtrend line**

Note

This trade is playing out perfectly as of right now!

MadMoney1125

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