TSLA has been retracing faster than rest of market. Musk selling has not helped along with competition. Now a "perfectly acceptable" ABC is near completion.
$ 909.15 - 921.86 is the KEY support zone to watch. $ 957.22 - 961.77 will be the first resistance to bounce. $ 879.24 is a MAJOR (very high timeframe) Golden Fib. .
I do not use "Fibs" in the "traditional" manner (retracements). I use Fibs to plot "Ripples" (extensions) created by "Impulses". Then look for "Confluences" to map the "interference Pattern".
Zoom IN (1 min) for a closer look at the expected support zone: PERFECT ping on lower bound. IF there is a bottom nearby, THIS would be a perfect spot.
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