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).

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.

Next Sterling Wave Analysis – 29 June, 2022 »

Previous « US exports boosted by Oil and Gas

Published by

The FxPro Tech Analysis Team

3 years ago

The funeral for Gold has been postponed
The Supreme Court, with its scepticism about the legality of tariffs, has allowed the shiny…
Crypto bulls fail to maintain momentum
Crypto market stabilises after decline; Bitcoin rebounds but faces pressure. Mixed investor sentiment and notable…
Verbal interventions do not help yen
The weak yen and euro boost the USD, as central banks remain cautious and global…