After a massive move to the downside, in-line with general seasonality, and aided by the recent stock market drop we are now at major support zones, mainly a fill of the CME gap between $250-$275. Should we see further downside, it may be a generational buying opportunity here as we are trading just slightly above the bear market value area high.
Losing $250 however would be quite bearish and force a rotation potentially back to the previous range POC and even VAL of the range at the $200 zone.
Not to mention, we are slightly dipping below the 200MA, which is historically an amazing buying opportunity!
Only time will tell.
Good luck!
Losing $250 however would be quite bearish and force a rotation potentially back to the previous range POC and even VAL of the range at the $200 zone.
Not to mention, we are slightly dipping below the 200MA, which is historically an amazing buying opportunity!
Only time will tell.
Good luck!
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Tapping the previous range Value Area High, would like to see the reaction around 250 Note
Nice reaction so far, lets have this level hold or else we can look to 220Trade closed: stop reached
Stopped out on the original idea losing 250, will be looking for new entries around the POC. That zone is critical, losing it would mean value rotation quite low below 200 Note
Perfect bounce at the POC, now we need to see strength for continuation. I would prefer to see a gap up tomorrow. Trading below the previous day high approx $230 and below will be quite bearish.Note
Looking strong despite market weakness. We must stay above the 230 zone. Note
Keeping things simple here, TSLA is bouncing at the overall bear market vwap from 2023. Note
I will note, this moving average will be instrumental in holding this uptrend. If we get another push down , it may be near the 190-200 zone with likely lower wick. You can see there are some orders stacked in that zone. Note
I would consider making quite a significant long term buying zone if we happen to get this liquidity sweep belowNote
Bit of a trap below the 230 for now. We need to see some strength tomorrow , tesla needs to show us that it wants to break this downtrend. Note
Holding the accumulation value area. Nice compound Note
Forming some consolidation in this triangle, will be looking for this potential scenario 
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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.