• Tesla reversed from resistance level 200.00
• Likely to fall to support level 180.00
Tesla recently reversed down from the round resistance level 200.00 (previous monthly low from the middle of October), intersecting with the 38.2% Fibonacci correction of the downward impulse from October.
The downward reversal from the resistance level 200.00 continues the active short-term impulse wave 3 of the intermediate impulse wave (3) from September.
Given the clear daily downtrend, Tesla can be expected to fall further toward the next support level 180.00
.
Source: Fxpro
