TESLA-US - In a Large Correction to the downside
TESLA-US - In a Large Correction to the downside after the big rise from March 2013,
Previous bottom of the first phase correction was at 140.15, price could return back down to that level for a double bottom before another up trend.
Price much jump back and above previous high at 269.45 to continues the up trend to the upper side and reach for higher goal which could be like Apple stock, sky is the limit.
Trade the short term correction to the down side, wait for candle action when price reach every support zone and see is there a possibility of the reverse trend.
TESLA-US - In a Large Correction to the downside after the big rise from March 2013,
Previous bottom of the first phase correction was at 140.15, price could return back down to that level for a double bottom before another up trend.
Price much jump back and above previous high at 269.45 to continues the up trend to the upper side and reach for higher goal which could be like Apple stock, sky is the limit.
Trade the short term correction to the down side, wait for candle action when price reach every support zone and see is there a possibility of the reverse trend.
