The $TSLA chart is one you do not want to sleep on right now. It is in a consolidation phase. And that is exactly when you pay attention. Here is what this chart is showing you. 1). It tested the 50% Fibonacci retracement. One of the most important levels in technical analysis. Clean touch. Clean reaction. 2). The recent dip to $310 tested the VWAP perfectly. Not close. Not almost. Perfectly. When a stock this size respects these levels this cleanly it is telling you something. The structure is intact. The buyers are showing up exactly where they are supposed to. That is not a broken chart. That is a coiling chart. Taking its time. Two ways to play this. - Trade it. Use the levels. Manage your risk. Take what the structure gives you. - Or buy it and hold it. Let the story play out
View on X ↗