TSLA Potential for Bearish Momentum | 2nd September 2022

On H4, with the price breaking the ichimoku cloud and MACD indicators are below zero, we have a bearish bias that the price may drop form the sell entry at 280.56, which is in line with the overlap resistance and 23.6% fibonacci retracement to the take profit at 251.27, which is in line with the overlap support and 61.8% fibonacci retracement . Alternatively, the price may break the 1st resistance and rise to the stop loss at 302.26, which is in line with the 78.6% fibonacci retracement .