TESLA → an upward chance

18 ago

hello guys.

let's analysis Tesla

1. Key Levels:

• Descending Trendline: The blue trendline represents a long-term resistance level formed by lower highs. The price has recently broken above this trendline, suggesting a potential shift in market sentiment.
  
• QML (Quasimodo Level): The yellow box represents a demand zone where the price found support and launched the current bullish move.
  

2. Bullish Breakout:

• The price broke above the descending trendline, signaling a possible trend reversal. The breakout is marked by a yellow circle on the chart.
  
• After the breakout, the price pulled back slightly but remained above the QML zone, indicating strong support.
  

3. Upside Potential:

• First Target: The first resistance level to watch is around $325.73. This is a previous swing high and could act as a significant resistance level.
  
• Second Target: If the price breaks above $325.73, the next target would be around $402.32, which is another key resistance level from the past.
  

4. Bearish Scenario:

If the price fails to hold above the QML zone and the trendline, it could indicate a false breakout. This might lead to a retest of lower levels, possibly back to the QML zone or even lower.

Summary

• Descending Trendline: A long-term resistance level has been broken, indicating a potential bullish reversal.
  
• QML Zone: A strong demand area supporting the current uptrend.
  
• Bullish Scenario: Targets are $325.73 and $402.32 if the uptrend continues.
  
• Bearish Scenario: Failure to maintain above the trendline and QML zone could lead to a retest of lower levels.
  

___________________________

✓✓✓ Always do your research.

❒❒❒ If you have any questions, you can write them in the comments below, and I will answer them.

❤︎ ❤︎ ❤︎And please don't forget to support this idea with your likes and comment

5 sept

Nota

towards the target