These are levels that I'll be keeping an eye on when dealing with Tesla, and I'll revise as price action progresses.
I adapt to the change in money flow.
Even though I can see price doing a small rally around the $1,222 level I believe that we're about to see TSLA tumble a bit. Market structure was breached in bear's favor so I would look for price action to form a new lower low (LL) after the rally I'm anticipating.
I'm projecting Tesla's valuation to decline to the $700 - $625 range per share, and I also believe that any fundamentals will only expedite the inevitable. I say that due to what I spotted from a higher perspective. 👀
Just my thought's and nothing more, nothing less. We shall see..
I adapt to the change in money flow.
Even though I can see price doing a small rally around the $1,222 level I believe that we're about to see TSLA tumble a bit. Market structure was breached in bear's favor so I would look for price action to form a new lower low (LL) after the rally I'm anticipating.
I'm projecting Tesla's valuation to decline to the $700 - $625 range per share, and I also believe that any fundamentals will only expedite the inevitable. I say that due to what I spotted from a higher perspective. 👀
Just my thought's and nothing more, nothing less. We shall see..
Comment:
$795 would be the 1st area of interest. However, it can potentially go lower than $795. 👀
Comment:
$795 was hit Jan 24, '22. The $625 can be next 👀