10% fall is on the table for TESLA

On the 1H we have a H&S pattern. We just broke down from that, which is bearish.

However, we are still within the mini descending channel (black lines) for now.

Important next move: if we bounce off the lower support of the mini descending channel, then we can sleep easy.

If we break the support then we could head further down, maybe 10%. Last time we broke down from the mini descending channel (black lines) we fell by 13%.