Tesla is in an inverse head and shoulder formation. Already bounced from right shoulder. This is a 43 day 170% head and shoulders so same percent would be for target. I am personally targetting $2300 but sell at your own predicament. Goodluck guys.
Hmm. The inverse head and shoulders pattern is typically a _reversal_ pattern. That is, it comes at the "bottom" of a long downtrend. They don't show up at the "top" of a trend. What this is more likely to be is a "double" or "triple top." That is to say, it could _fall_ from here.
@Dionysos_, you're very right . Thank you very much
Lana_88
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@Dionysos_, inverse head & shoulders may also indicate continuation. It's a more rare event, but with Tsla you never know haha
Btw: I hope I'm wrong :D
Acwood
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TESLA are more an FA stock, than a TA stock. But for sure resistance and support levels are there to watch. Will be overall trending Up over the long term.