Price is intersecting long and medium term trend. Watch the black triangle catch price and give confirmation as to breakout or breakdown. Break below base of the triangle should confirm bearish channel. Longer term bull channel can still catch and hold price, we will know mid-week next week! Probably trades the inverse of the 10yr which is running up and to the right. I think Tesla struggles, massive energy spend on the way up, and its currently leaking energy via drift downs, typically not a great omen.
Comment:
Still tracking
Comment:
Bears still firmly in control, looking at a key retest of the (blue) meridian line coming up at 515-525 over the coming weeks. Price needs to hold this line for bull channel to remain in play in the nearby. If it doesn't, expect a further retracement, still in the bear channel.
