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Anele_888

Tesla

Short
Tesla (NASDAQ:TSLA)  
Anele_888 Updated   
NASDAQ:TSLA   Tesla
Trend Analysis Chart Patterns Beyond Technical Analysis
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trendanalysis chartpattern beyondta
After a long bull run on Tesla we are starting to see weakness on the Monthly TF. We have broken market structure on the Monthly and we could be looking for short opportunities on the lower TF's

Target 1 is at $23
Comment:
After a lengthy pullback on Tesla, we are seeing more selling pressure coming in on the Weekly timeframe. A bearish Reclaimed Order Block at $238 on the weekly is holding price down. Price is now targeting the $150 low, which may create re entry opportunities.
Comment:
We placed a trailing stop, price should continue to sell further.
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