Tesla Wave Analysis – 29 June, 2022

• Tesla falling inside wave 3
• Likely to reach support level 650.00

Tesla continues to fall inside wave 3, which started earlier from the pivotal resistance level 750.00 (the former monthly low from March, which has been reversing the price from the middle of May).

The resistance zone near the resistance level 750.00 was strengthened by the 38.2% Fibonacci correction of the downward impulse from May.

Tesla can be expected to fall further toward the next support level 650.00 (which has been reversing the price from last month).