Tesla Wave Analysis – 5 June 2025

Tesla: ⬇️ Sell

– Tesla broke the support zone

– Likely to fall to support level 260.00

Tesla recently broke the support zone located between the support level 294.00 (former resistance from April and March) and the 50% Fibonacci correction of the upward impulse from April.

The breakout of this support zone accelerated the active minor ABC correction 2 from the end of May.

Tesla can be expected to fall to the next support level 260.00, which is the former resistance from the start of April.

Source: https://fxpro.news