Check for support near 342.32
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(TSLA 1M chart)
The key is whether it can rise with support near the Fibonacci ratio of 0.618 (341.97).
If it falls like this,
1st: Fibonacci ratio 0.5 (296.11)
2nd: 252.75-268.07
We need to check for support near the 1st and 2nd above.
The area near 252.75-268.07 is expected to be a strong support area.
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(1D chart)
In order to turn into an uptrend, it must rise above 381.59-382.40.
The key is whether it can rise after receiving support near 342.32.
If it falls below 342.32, it is expected to touch the M-Signal indicator on the 1M chart.
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Thank you for reading to the end.
I hope you have a successful trade.
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