Bias, right now is definitely to look for short opportunities.
However, were we to envisage a bullish scenario for Tesla, the I woudl definitely need a breakout from those 2 EMAs and also for the 10 EMA (w) to step over the 50 EMA (w).
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Seeing this idea picking up a bit of attention, just reinstanting that all the price action signs I see from Tesla right now are pointing on the opposite direction.
Price is nevertheless in a value zone now. Anything can happen. A powerful bullish candle piercing throught the EMAs would turn things upside down.
On Monday, i am pretty darn sure you can short it. But mid week if we get the volume back up to the up side following support levels. I wouldn’t be looking to short it short term. Because were going back up to the upside 📈
ruben_rodrigues
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@Malachi_lyons, agree. I think price action right now points downwards, which does not mean that we should go short.