I've highlighted or marked the double-top pattern that IS NOT YET CONFIRMED.
This week we got the news of Battery Day and the hype has died down.
Both rejections on the Weekly chart show more Bear Volume than Bull.
MACD hasn't flipped bearish since March.
RSI is still over-heated.
The U.S election is 40 days away and there has always been a market dump around...
TSLA is the hottest performing stock of the year and that's great but there's a few things to keep in mind short-term.
On the Weekly time frame the stock is nearly parabolic. A combination of that along with the RSI starting to show bearish divergence has me seeing it pulling back sometime in the next 3 months (Nov/Dec).
On the lower time-frames you'll also...
