On the 4H chart Tesla seems to have formed a large bear flag indicating possible continuation of the downtrend in the near future. Short term Tesla appears bullish. Let me know your thoughts!
Analyzing the current trend of Tesla, I noticed that each retracement that has taken place since December '21 has been 9% greater each time. As you can see in my chart, retracement (1) was 27%. Retracement (2) was 36% and Retracement (3) was 45%. Using a trend line to define each uptrend following each retracement phase, it appears Tesla could reach $1,070 by July...
