Tesla remains in a downtrend. We expect Tesla stock to drop into $150-$135 area which isa target for shorts and a buy zone if you want to play a bounce in a downtrend.
As SPX is at the major resistance, Tesla should reverse soon as well. The last push towards 205 - 208$ which would be a short entry and we should see a nice 30 % dump. Patience is a key
Good luck
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Good progress. The price moving towards our buy zone where you can enter your long position to play the bounce. Patience is a key
Trade active
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The price moved into our buy area. It can go a little bit lower ($130), but not bad time to buy now to play the bounce with target around $166.
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key support failed. Next key support is around 100-105 $, from there we should see a solid bounce
I also think Tesla is in for a correction. Thanks 👉👌
P_S_trade
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Thanks for sharing your vision
Black_Sheep1
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I agree - The Bulls are exhausted... there are to many Bearish signals. I think they wall-street has received a lot of retail influx this week. Do you think Markets go up Monday for an exhaustion move or do we drop immediately to begin bearish?
vf_investment
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@Black_Sheep1, probably the last one push before the dump