Categories: Technical analysis

Tesla Wave Analysis – 16 February 2023

• Tesla reversed from round support 200.00

• Likely to rise to resistance level 230.00

Tesla recently reversed up from the round support 200.00 (previous resistance from October and November), standing near the 20-day moving average.

The upward reversal from the support 200.00 continues the active primary upward impulse sequence from the start of January.

Tesla can be expected to rise further toward the next resistance level 230.00 (former multi-month high from October).

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.

Share
Published by
The FxPro Tech Analysis Team
Tags: Tesla

Recent Posts

S&P 500 Wave Analysis 7 May 2024

- S&P 500 reversed from support level 5000.00 - Likely to rise to resistance level…

6 hours ago

USDCHF Wave Analysis 7 May 2024

- USDCHF reversed from support zone - Likely to rise to resistance level 0.9200 USDCHF…

6 hours ago

EURUSD at the equilibrium, where will it go next?

The single currency is trading near $1.076, waiting for further cues and facing serious resistance…

11 hours ago

Bitcoin can’t accelerate but won’t give up trying

Market picture  The crypto market capitalisation fell by 1.7% in 24 hours to $2.29 trillion,…

16 hours ago

USDJPY Wave Analysis 6 May 2024

- USDJPY reversed from support zone - Likely to rise to resistance level 155.65 USDJPY…

1 day ago

Gold Wave Analysis 6 May 2024

- Gold reversed from support zone - Likely to rise to resistance level 2400.00 Gold…

1 day ago

This website uses cookies