I am still expecting worst case $240 - $260 for TSLA

PeterDiCarlo
03-01

$Tesla Motors(TSLA)$

Monthly BX is now confirming LH which is a sign of macro weakness

I am still expecting worst case $240 - $260 since that would be our smart money zone and monthly market bias.

Both are extreme discounted ranges.

Daily BX has NOT confirmed HL yet, but it seems were headed for it soon.

I think we could get a relief rally in the coming weeks that is met with ONE more sell off

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Here's the update we've been anticipating!

The daily BX has closed at a higher low, but we're still waiting for the weekly to confirm this as a higher low as well. Without this confirmation, we can't definitively say we've hit the long-term bottom.

Expect the price to likely retest the $330 - $350 range before potentially facing rejection.

From there, we'll monitor the weekly BX to see if it can confirm a higher low.

This would signal a true bottom and potentially kickstart a rally back to all-time highs.

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  • Dumplinggogh
    ·03-01
    I sold Telsa at low and mid 300 range to invest into MSTR, only to face a greater losw
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  • willii00
    ·03-01
    Great article, would you like to share it?
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