Categories: Technical analysis

Tesla Wave Analysis – 5 June 2025

Tesla: ⬇️ Sell

– Tesla broke the support zone

– Likely to fall to support level 260.00

Tesla recently broke the support zone located between the support level 294.00 (former resistance from April and March) and the 50% Fibonacci correction of the upward impulse from April.

The breakout of this support zone accelerated the active minor ABC correction 2 from the end of May.

Tesla can be expected to fall to the next support level 260.00, which is the former resistance from the start of April.

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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