Technical analysis

Tesla Wave Analysis – 29 December 2025

Tesla: ⬇️ Sell

– Tesla reversed from resistance zone

– Likely to fall to support level 440.00

Tesla recently reversed down from the resistance zone between the major long-term resistance level 489.30, which stopped the previous sharp uptrend a year ago – and the round resistance level 500.00.

This resistance zone was further strengthened by the upper daily Bollinger Band.

The downward reversal from this resistance zone created the two Japanese candlesticks reversal patterns – Bearish Engulfing and Shooting Star – which add to the likelihood Tesla will continue to fall to the support level 440.00.

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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