Total Quality
Score
If You Had Traded on This Analysis…
Fail

TSLA
Entry
349.9800
2025-05-16
21:33 UTC
Target
366.0000
Fail
345.0000
In 2 Days
Risk / Reward
1 : 3
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Final PnL
-1.42%
P/L: —
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Body
The analysis examines NQ1!, ES1!, SPY, QQQ, TSLA and XAUUSD. A potential breakdown of NQ1! below 21300 could lead to a target of 20800. However, a breach above rising wedge invalidates bearish scenario, and consolidation around rising wedge could continue towards 22K if holds above 21500. The ES1! currently at 5947, faces challenges staying above 5950 which would trigger a fall to 5900. SPY analysis points to consolidation within a rising wedge pattern. Sustaining above 585 cycle level increases probability of 600 target. QQQ must remain above 515 to push toward 520. Finally TSLA broke the neckline of what appear to be a double bottom and now may see as high as 366 if the robo taxi event goes as planned, but the break out must sustain.