Current price: 137
Key point: 159
Our preferred direction: short positions below 159 levels, targeting 135 as a first target, then 130 as a second target.
Alternative scenario: stop loss and change direction by breaking 159 level, targeting 166 levels
Technical comment
Tesla stock is moving in a downward direction on the daily time frame, from the top of last November, penetrating the pivotal support level 166, so that the price is expected to reach the support levels of $132 per share, which corresponds to the harmonic AB=CD pattern, to start from here ascending, targeting 166 levels, then 184 levels
