This is a close look to a chart pattern from my previous Tesla idea for opening a long position from $400. Now that the price reached an upper line of a symmetric triangle which serves a resistance level we can short Tesla from 420-430 area with a target around bottom line of the triangle around $400.
It will be a safe to open short position when RSI will touch an overbought area.
It will be a safe to open short position when RSI will touch an overbought area.
Comment:
I have also marked a gap between $409-$411 levels which can be closed with this short move.
Comment:
Nevermind the gap, as it has been almost closed by a downside move during 28-29th of September.