Categories: Technical analysis

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).

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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