TSLA has recently fallen below 300 for the first time since November 2024. It tests the long-term support 213 level, uptrend line support, and the Andrews Pitchfork channel support. This still could be a pullback into a second long-term upside wave, as I expect an upside reversal from here in the longest third upside wave. Learn to Trade CFDs profitably.
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TSLA’s weekly chart below reveals a rotational triangle that is reaching the apex. Strong support now is 213. From here, I am looking at a possible swing higher to 280, which is the strong upside resistance of a triangle, and ultimately 300. Only a break below 200 will invalidate the upside reversal and a strong continuation higher.
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How can we trade this?
It is a fact that a strong upside resistance for Q2 2025 is 290, and if we get a confirmation of a reversal higher and a sustained extension above 260, we could see a strong continuation higher in the third long-term Elliott Wave. You can try with a long-trade entry with an SL below 210. You can buy call options as well. For inquiries about account management or copy trading, please write to [email protected] or contact me on WhatsApp or Live chat.
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