Chart of the day

TSLA is testing a previously broken downside resistance 207. A rejection here will leave us in the downside extension. Potentially we can see a bit higher test of 225 but not necessary.

Only in the case of a clear confirmed break above 225, we can see an immediate upside extension and a test of 254. A break below 178 will lead to a complete downside extension and a test of the important 130 upside support

_{Long trades could be opened here only upon a confirmed break above 225. Short trades have a possible better risk to reward and you can open it here with a stop loss above 225. This can be traded with options as well.}