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It is positively remarkable how much strength these Fibonaccis continue to have with Tesla. It’s like the news flow doesn’t even matter anymore. The price is tethered to this tight range, with the tinted area acting as an iron lid on price ascent.
There’s no doubt about it. The Fibonacci Retracement I’ve ceaselessly mentioned has been an iron wall for Tesla price ascension.
Holding rock solid, through all the ups and downs:
I mentioned the tremendous importance of the THREE Fibonacci levels with respect to Tesla and their power as resistance. So, yeah, pretty much………..and keep in mind this is on a day when the /ES is up!
The explosive move higher we witnessed from late last week until yesterday was brutal, but it seems that this entire move was simply a recapture of the Fibonacci level at 4528.71:
