TSLA is going to burst soon, UPDATED

NASDAQ:TSLA   Tesla, Inc
rising wedge for the last 6 months or so
overvalued at 1400 PE ratio
ATR has started declining showing a potential decline of buyers with increasing sellers
correction needed, Fibonacci levels 23% and 38% are the most viable, with 23% also being a potential support level
i expect the price to not go below the previous resistance trendline