$TSLA is now one of the first casualties to join $MSFT, the price has now dipped below the 0.618 Fib and 200 Day MA so the impulse wave can not be valid in its form.
This is why we have been interested in $TSLA but have insisted that support must hold before considering a position.
If the 200 Day MA can not be recaptured shortly and there is a rejection from below at $274, then the next support level is the 0.78 Fib at $213
$TSLA is not a buy until support is found because there is downside risk here now.
Federico Salerno
2025-03-04 22:24:23 +0000 UTCBrian Scheele
2025-03-04 20:02:13 +0000 UTCMassey
2025-03-04 18:57:50 +0000 UTCkarthik
2025-03-04 18:01:15 +0000 UTCSid
2025-03-04 16:27:06 +0000 UTCMK
2025-03-04 16:24:07 +0000 UTCDanny James
2025-03-04 16:18:59 +0000 UTCDavid
2025-03-04 16:18:05 +0000 UTCSid
2025-03-04 16:15:41 +0000 UTC