Tesla (TSLA) – Bullish Recovery in Motion
Chart Type: 2W (Biweekly)
Current Price: $292.03
Previous High: $488.54
Fibonacci Levels:
0.236 → $280.31
0.382 → $320.35
0.5 → $352.72
0.618 → $385.09
0.786 → $431.17
📈 Technical Breakdown:
Tesla has officially bounced from the major demand zone around $175–$215, forming a structural higher low.
We're currently testing the 0.236 Fib level after a clean bullish recovery. Volume appears steady, and if we hold above this level, we could see a move toward the $320–$352 region (Fib 0.382–0.5), which aligns with the upper structure zone.
The purple supply zone from the previous high near $488 marks a key resistance area long-term. However, price action suggests a possible mid-term continuation as long as this new support holds.
🧠 Trader’s Insight:
A lot of traders are only watching the daily and 4H charts. But when you zoom out to the biweekly (2W), the structure tells a very different story — one that still respects bullish continuation off a long-term retracement.
This recovery looks like a measured move, and we might see slow momentum upward before the market re-tests upper zones. I’m personally watching the $320.35–$385.09 levels for the next key decision.
📌 Tags
#TSLA #Tesla #NASDAQ #StockMarket #TechnicalAnalysis #FibLevels #BullishStructure #SwingTrading #LongTermInvesting #TradingView #MarketStructure #DemandZone #TeslaStock
Chart Type: 2W (Biweekly)
Current Price: $292.03
Previous High: $488.54
Fibonacci Levels:
0.236 → $280.31
0.382 → $320.35
0.5 → $352.72
0.618 → $385.09
0.786 → $431.17
📈 Technical Breakdown:
Tesla has officially bounced from the major demand zone around $175–$215, forming a structural higher low.
We're currently testing the 0.236 Fib level after a clean bullish recovery. Volume appears steady, and if we hold above this level, we could see a move toward the $320–$352 region (Fib 0.382–0.5), which aligns with the upper structure zone.
The purple supply zone from the previous high near $488 marks a key resistance area long-term. However, price action suggests a possible mid-term continuation as long as this new support holds.
🧠 Trader’s Insight:
A lot of traders are only watching the daily and 4H charts. But when you zoom out to the biweekly (2W), the structure tells a very different story — one that still respects bullish continuation off a long-term retracement.
This recovery looks like a measured move, and we might see slow momentum upward before the market re-tests upper zones. I’m personally watching the $320.35–$385.09 levels for the next key decision.
📌 Tags
#TSLA #Tesla #NASDAQ #StockMarket #TechnicalAnalysis #FibLevels #BullishStructure #SwingTrading #LongTermInvesting #TradingView #MarketStructure #DemandZone #TeslaStock
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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.