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Strong Bullish Structure
- Tesla (TSLA) shows a robust rounding breakout pattern.
- Axis line tested successfully, indicating strength.
Key Pivot Level: $447.3
- This level could signal a reversal if Tesla breaks higher.
Earnings and Consolidation
- Earnings expected on January 22; potential consolidation before the next move.
Market Dependency
- Tesla, like NVDA, is influenced by overall index movements.
Relative Strength Highlight
- Strong performance since November 6, boosted by a breakout during the “election bar.”
Stay cautious and watch for supply increases or index pullbacks. Watch the video below to find out the analysis and the setup in detail.Video Length: 00:01:12More By This Author:How This Change Of Character Bar Marked A Key Shift In Market Dynamics
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