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Huntz
Mar 25, 2021 12:47 AM

10% fall is on the table for TESLA 

Tesla, Inc.NASDAQ

Description

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%.

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