Ok, traders! Tesla might do a double top here! If next week it breaks the 635, it might keep pushing up, but I’m not sure if this will happen. We have a small RSI divergence, but the 20ma is holding the price. Still, it is important to be careful here. You guys know that I booked about 90% of my trade, which I bought at 596, and I’m still holding some shares....
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...
Tesla is ready to go lower to support zone tested