Tesla             is trading within a larger weekly-monthly distributive pattern. The 7-month trend has been within a BEARISH descending channel. Each prior attempt to test the upper trendline has formed a rally to has failed to follow through...an "upthrust." Longs are holding onto *RISK* into resistance.

If the 50% Fibonacci retracement holds the bias would continue lower supporting distribution thesis with a TARGET as absurd as $100
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