July 7, 2021

TESLA Chart analysis and trading levels

  • The hourly triangle discussed in the PREVIOUS POST gave a false spike but price fell back to close the gap and a reversal towards the bigger pattern resistance line.
  • Now the previous resistance line of the 4 hour pattern is crucial for bulls. Price if closes back into the pattern may result in bigger correction. In that case 637 and 626 levels are possible. Bulls need to stay above the previous resistance line to avoid the above scenario.
  • Previous update on TESLA