Yellow lines - Channel
White line - Downtrend (Matches RSI divergence )
Support has taken shape and we now have a bearish channel.
Our next target on Tesla will be at that white downtrend. There is a connection with that downtrend and the divergence I have on my RSI. The 21ema is also hovering around that downtrend. If we break above there we could possibly head back up to channel top.
So short term I think we had back up to 1010 and from there we'll see
White line - Downtrend (Matches RSI divergence )
Support has taken shape and we now have a bearish channel.
Our next target on Tesla will be at that white downtrend. There is a connection with that downtrend and the divergence I have on my RSI. The 21ema is also hovering around that downtrend. If we break above there we could possibly head back up to channel top.
So short term I think we had back up to 1010 and from there we'll see
Comment:
Riding that trendline support around 930.. unless the QQQ loses 385 support I don't see Tesla losing 930 support
