TSLA ~ Snapshot TA (Daily / Nov 2023)

12 nov 2023

TSLA chart mapping/analysis.

Continuation of bearish price momentum.

Bull target(s)

• Breakout above 38.2% Fib
  
• Overhead gap fills (~242.08 / ~289.52)
  
• Descending trend-line resistance (white dotted)
  
• 50% Fib
  
• Upper range of descending parallel channel resistance (white)
  
• Ascending trend-line resistance (green dotted) aka "return to scene of crime"
  
• 50% Fib + trend-line/parallel channel "super" confluence resistance zone
  
• Gap fill (~289.52) + Golden Pocket Fib confluence resistance zone
  

Bear target(s)

• Ascending trend-line support (green dotted)
  
• Descending trend-line support (white dotted)
  
• 23.6% Fib
  
• Underlying gap fills (~162.95 / ~146.41 / ~122.63 / ~114.39)
  
• Lower range of ascending parallel channel (light blue) + gap fills(s) (~146.41 / ~122.63) confluence support zone(s)
  

12 nov 2023

Nota

Note: TradingView chart was dividend adjusted (ADJ) when mapped.

16 nov 2023

Nota

TSLA hits overhead gap fill ~242.08. Next target 50% FIb/upper range parallel/ascending trend-line confluence zone if bullish momentum continues.

Accumulation/island reversal adds to bullish thesis.