Tesla long term analysis

9月4日

TSLA
Ok for
Luca_Amenta
Also i am posting another one on this in the ideas so people can see it easier

This is a swing analysis for tesla

This is made using the 1Hour candle timeframe

Breakdown on interest areas

1 Resistance 240-236
2 Resistance 228 - 255
3 Support trend
4 Support 194.5 - 189
5 Key area 206.5 - 202.5

1 Resistance 240-236
Analysis
Very High probability outcome of a reactions to this area after a break up from resistance 2 if it has not broken the support trend line


2 Resistance 228 - 255
Weak chance of it having a reactionary effort
most probable reaction is 1 with price will likely hit it then moves down to the support trend before moving back up and break it to then move to resistance area 1

3 Support trend
Unlikely to be broken before resistance number 1 is hit but if it does then we can see an new support be formed at the Key area 1 for an reactions there depending on how it forms.

4 Support 194.5 - 189
After resistance number 1 is hit the most probable outcomes will be that it will likely head down to this price to form a reaction here after breaking both the key area and supporting trend
Only really a matter of time that hit area gets hit but what matters is how it gets hit
If this area somehow gets hit form before resistance 1 then price will have a bull run back up to resistance 1

5 Key area 206.5 - 202.5
This is an important level for the price movement as it acts as a sort of hub for how price will moving in and out of this area to then form some sort of formations that will either validate a support into a Temporary move up support or resistance after it gets broken downside for this being mainly there to predict some of the smaller movement that might give up some advance heads up warning to what might come

Summary;
I am personally think a move to resistance number 2 then followed by support trend which then will be followed by a breakout upside to resistance number 1

That's just a simple summary for me
I do expect 238 first before a drop happens rapidly to somewhere such as Key area 1

That's just my idea
The summary is m idea and personal bias with the information's i have on hand

The rest of the information above are relatively free of bias when analyzing each of the areas so i guess those are to be kept as just some things to pay attention to