TSLA - Fibonacci Support and Double Bottom = Higher Prices?

13 Feb 2021

TSLA Daily

• Nice recovery on TSLA after breaking 800 forming a Hammer candle.
  
  
• Price came right into Fib Cluster at 776-784 made up of 1.618% ext. 50% retracement and 100% symmetry projection.
  
  
• Also nice double bottom from Jan 29 low.
  
  
• Can we move up from here, Upside is pretty healthy.
  
  
• Only issue is Daily Squeeze momentum is still to the downside.
  

TSLA - 1HR

• Price Stopped at 1.618% Ext. and 100% Symmetry at 784.24 to 785.21.
  
  
• Moves terminate at extensions.
  
  
• 1HR SQZ forming and momentum looking to move to upside.
  
  
• Fib Resistance Levels that TSLA needs to break through to continue movement to the upside.