Categories: Technical analysis

Tesla Wave Analysis – 10 March 2025

Tesla: ⬇️ Sell
       

  • Tesla falling inside sharp impulse waves 5 and (C)
  • Likely to fall to support level 212.00

Tesla falling inside the sharp downward impulse wave iii, which started earlier from the round resistance level 300.00 (former support broken in February).

The price earlier broke the support trendline of the daily down channel from December – which signalled the acceleration of the active impulse waves 5 and (C).

Tesla can be expected to fall to the next support level 212.00 (former monthly low from October) and the target for the completion of the active impulse wave 5.

The FxPro Tech Analysis Team

The FxPro technical experts prepare a daily analysis of the most active currency pairs (majors, crosses, exotics) and commodities. Selected instruments are reviewed on daily trends (D1, H4), using the active Elliott Wave setups, Japanese candlesticks, indicators, and support/resistance levels.

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The FxPro Tech Analysis Team
Tags: Tesla

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