Tesla (TSLA) has shown textbook precision by respecting the golden zone after a significant sweep of previous highs. Rather than violating the last HTF low—which would’ve hinted at deeper downside—price instead retraced cleanly into the OTE (Optimal Trade Entry) range and reacted with strong bullish intent.
This move indicates a healthy retracement rather than weakness, suggesting a continuation to the upside. Confirmation of this potential bullish leg would be a sustained close above the 272–300 level, which aligns with previous buyside liquidity zones and Fibonacci confluence.
Key Observations:
- Golden Zone respected: Price bounced cleanly between the 62–79% fib levels.
- HTF low protected: No violation of higher timeframe bullish structure.
- Volume spike supports the reversal move.
Targets:
- Short-term: 300.61
- Mid-term: 416.67
- Long-term swing: 861.17 (over 255% potential gain)
Conclusion:
Tesla looks set for lift-off 🚀. The reaction at the golden zone and the preservation of structure give high confluence for a potential explosive move higher. Wait for confirmation via price continuation and structure integrity.
As always — DYOR (Do Your Own Research).
This move indicates a healthy retracement rather than weakness, suggesting a continuation to the upside. Confirmation of this potential bullish leg would be a sustained close above the 272–300 level, which aligns with previous buyside liquidity zones and Fibonacci confluence.
Key Observations:
- Golden Zone respected: Price bounced cleanly between the 62–79% fib levels.
- HTF low protected: No violation of higher timeframe bullish structure.
- Volume spike supports the reversal move.
Targets:
- Short-term: 300.61
- Mid-term: 416.67
- Long-term swing: 861.17 (over 255% potential gain)
Conclusion:
Tesla looks set for lift-off 🚀. The reaction at the golden zone and the preservation of structure give high confluence for a potential explosive move higher. Wait for confirmation via price continuation and structure integrity.
As always — DYOR (Do Your Own Research).
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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.
Related publications
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.