Tesla Wave Analysis – 24 February 2026

Tesla: ⬆️ Buy

– Tesla reversed from pivotal support level 392.30

– Likely to rise to resistance level 425.00

Tesla recently reversed from the support zone between pivotal support level 392.30 (which has been reversing the price from November), lower daily Bollinger Band and the 50% Fibonacci correction of the upward impulse from June.

The upward reversal from this support zone stopped earlier minor impulse wave c from the start of February.

Given the strength of the support level 392.30 and the strong daily uptrend, Tesla can be expected to rise to the next resistance level 425.00.