TSLA Daily S/R| Swing High| Local S/R| Price Action

1 Feb 2021

Evening Traders,

Today analysis – TSLA – trading below its key Daily S/R where further downside is probable,
Points to consider,
- Price Action Impulsive
- Local S/R objective
(.50 Fibonacci Confluence)
- Daily S/R Resistance

TSLA’s immediate price action is impulsive, confirming a bearish retest of the Daily S/R will allow for a bearish bias.

The Local S/R is objective that is in confluence with the .50 Fibonacci, a respect of this level is probable on first attempt.

The immediate oscillators are bearish with stored momentum, maintaining their bearish control territories will deem weakness.

Overall, in my opinion, TSLA is a valid short with defined risk, price action is to be used upon discretion/ management.

Hope this analysis helps thank

Thank you for following my work

And remember,

“In order to succeed, you first have to be willing to experience failure.”
― Yvan Byeajee