TSLA Potential for bearish drop | 20th June 2022 for NASDAQ:TSLA by desmondlzw

Above H4, with price moving below ichimoku indicator and along the descending trendline we have discount biased that price will turn down from our sell entry at 678.37 where horizontal pullback resistance is our take profit at 585.57 in line with 61.8% fibonacci projection and 127.2% fibonacci extension . Alternatively, the price might break the entry structure and move towards the stop loss at 712.28 where the horizontal swing resistance is high and 50% fibonacci retracement to be.

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