IF #TSLA HOLDS $351.95, ANOTHER TRADABLE REBOUND IS IN PLAY #Tesla #daytrading

AI-generated source summary

The analysis of TSLA indicates a potential bullish continuation from the current price of 365.82, with a target of 387.41. The fail bound for this bullish outlook is set at 351.95. The video highlights a historical price action where TSLA fell from a high of 387.41, breaching an 18-month channel bottom and reaching a low of 228.63. A sell signal was triggered approximately seven weeks prior, leading to a price decline to 287.27, which was preceded by a wave count suggesting a potential bottom in the 290s. A descending channel bottom contained selling pressures, and shortly after the sell signal five to six weeks ago, the price reached 287.27. The current analysis views the zone between 387.41 and 411.05 as a key area. Holding above 387.41 is crucial for a potential push back into this zone. If TSLA closes below the rising channel bottom at 351.95, it confirms a bearish outlook, potentially leading to 280s as a possibility, and then a probability of reaching 228.63 within the next 3 to 5 weeks. Conversely, if TSLA closes above 351.95, it remains a bottom-picking zone with an anticipated retest of 387.41 within 3 to 5 days. A close above 365.82 is seen as a short-term buying opportunity, potentially leading to a retest of 387.41 in 2 to 3 days. A close above 411.05 at the end of the week would signal a significant buy signal, anticipating bullish continuation into the 550s. The current timeframe for analysis appears to be daily, with short-term predictions ranging from days to weeks.

AI-generated summary based on the source content.