A massive butterfly pattern completed at the start of the month. These patterns are more likely to happen at the end of a strong trend, which TSLA had enjoyed. It traded sideways in an evertighter wedge, from which it was virtually garanteed to break to the low side. It actually made a tripple top(!) on the 8th, 9th and 12th, the moves towards the resistance level becoming progressively weaker.
Going short on friday would have been the optimal move. I expect TSLA to go down to at least 247, with 221 being another rather likely target.
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skoa
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PS The first target of 247 was hit on september 19th, the second target of 221 was hit on october 15th. Both times the price turned at that point for a retracement.