Recent recall's - New competition- Flagrant Crypto purchases may have the believers of Tesla seeking drier land as this price sinks from ATH's. Downside price action has TESLA dipping into a bearish momentum/ action with at least a 1st wave rejection.. there could be more than 1 wave, but this is going to take price down tremendously.
I am seeing what appears to be a bearish shark pattern- which takes a lot to regain momentum to the upside. The good news is if the support is maintained there could be a couple of rally points, but these may be false and prove additional downside action. These patterns can be very tricky- but are key signals lower prices are coming. Shorts may fare well right now. For how long? We have to wait and see.
I am seeing what appears to be a bearish shark pattern- which takes a lot to regain momentum to the upside. The good news is if the support is maintained there could be a couple of rally points, but these may be false and prove additional downside action. These patterns can be very tricky- but are key signals lower prices are coming. Shorts may fare well right now. For how long? We have to wait and see.
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Expert some buying to take place back up to 720 ish, but the buying thats going on is still in a massive red zone of resistance... Could be a massive dead cat bounce forming
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Tesla showed a somewhat positive sign today as it bounced on .382 fib.. but there is no way of knowing if it will hold for higher prices until it gets to the 786.... its still not out of the woods for downward price action.
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Looking so nice lol
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TSLA has recovered from the downward slope.. looks to be good if it can stay above 725.
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TSLA just broke back below 725- bearish activity resumes.....
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TESLA can still go lower- thought this breakout would be stronger.
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Looks like back on track for the bear move.
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If Telsa does not hold at 480 ish.. price could slip to 320. Be careful!
Moorsc0de aka Crypt0nomics aka Zaphkiel
