without_worries

Telsa to $90

Short
BATS:TSLA   Tesla
On the above 2 week chart price action has printed two significant macro indications:

1) Broken market structure, failed support.
2) A lower high, trend reversal.

Beginning from 2023 price action entered an upward channel before a breakout in December. This move in price action created a bear flag pattern. A forecast may now be measured from the last downtrend to the support, which is a 66% correction to just under $90.

Is it possible price action continues up? Sure.
Is it probable? No.

Ww

Type: short trade
From: $220 ideally
Stop-loss: elsewhere
Trade active
Comment:
GRM resistance confirms.
This is now an official bear market for this stock.



BTC
bc1q2eckdzh0q8vsd7swcc8et6ze7s99khhxyl7zwy

Weblink: www.patreon.com/withoutworries

Allow 3-6 months on ideas. Not investment advice. DYOR
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.