Technical analysis

Tesla Wave Analysis – 27 January, 2023

Tesla Wave Analysis – 27 January, 2023

• Tesla broke resistance level 160.00

• Likely to rise to resistance level 200.00

Tesla rising sharply after the price broke the resistance level 160.00 intersecting with the 61.8% Fibonacci correction of the downward impulse from December.

The breakout of the resistance level 160.00 accelerated the active intermediate impulse wave (1) from the start of this year.

Tesla can be expected to rise further toward the next round resistance level 200.00 (top of the earlier minor correction (iv) from December).

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