With a bearish pressure despite economic recoveries ,Tesla has formed a somewhat Bearish Pennant with it's recent dip despite indexes hitting ATHs. with a level of confluence at price $621 having 38.2% retracement and 61.8% expansion ,with price $600.00 holding onto 23.6% of the retracement level ,thus giving more confidence and validation to the bearish pennant that should break out around the $575 zone and forecasts price to hit $345 price which is slightly (not entirely) below support at $400.00 also being 161.8% expansion level and not only being a classical support but numerically being the psychological price level (hence i say psychological support).
Disclaimer:All views ,opinion ,analysis shared by FX PRODiGY should not be considered as financial advice but rather a recommendation or perspective regarding financial instruments. Note that trading levaraged instruments involves risk of losing your investments
Disclaimer:All views ,opinion ,analysis shared by FX PRODiGY should not be considered as financial advice but rather a recommendation or perspective regarding financial instruments. Note that trading levaraged instruments involves risk of losing your investments