Chart of the day

TSLA is retesting the broken downside resistance 180. This is now a strong resistance for the upside reversal and a test of 207 and also strong downside support for a continuation lower.

Only in the case of a break above 207, we could see an immediate upside extension. A confirmed break below 162 is required for the downside continuation and a test of a key downside resistance 141.

_{Look for the short trades here with the stop loss above 185. Long trades you can take in the case of a confirmed price action break above 206.}