Tesla: ⬇️ Sell
– Tesla reversed from resistance zone
– Likely to fall to support level 340.00
Tesla recently reversed down from the resistance zone between the pivotal resistance level 362.00 (former support from April) and the upper daily Bollinger Band.
The downward reversal from this resistance zone stopped the previous short-term ABC correction iv from the end of July.
Given the clear daily downtrend, Tesla can be expected to fall further to the next support level 340.00 – former strong support from April.