Tesla at Support and Looking Higher

As expected, Tesla made really nice three corrective waves A-B-C, right into a support zone for wave (4) around ideal 38,2% Fibo. retracement and 335 level, so sooner or later we can expect a bounce back to highs for wave (5), maybe at that base channel resistance line, which can act as a support. That said, we think there’s room for more upside towards 400 level or higher.

Tesla, 1h