Current price: 253
Key point: 257
Our preferred direction: buying positions above 257 levels, targeting 281 as a first target, then 287 as a second target
Alternative scenario: stop loss and change direction by breaking 257 level, targeting 250 levels
Technical comment
Tesla stock fell on the daily time frame from the resistance levels 300.00 and from the descending trend line from the top of November 2021, in accordance with the harmonic bat pattern with a rate of 88% Fibonacci retracement, and indeed, the price reached the support levels 251-257 inside the ascending channel, so it is expected to rise again once. Reach for levels 281-286 if it can hold above the support levels
