KalinPPetkov

TESLA Motors on the down side

Short
NASDAQ:TSLA   Tesla
0
Just like every other stock in the market TSLA is just as over both and in changing trend to the down side. We already saw bunch earnings missed. We can have two approaches here. AB/CD pattern to complete at 1.271 ext of "AB" leg where target would be or as BAT Pattern to complete at 0.886 fib.retr. of "XA" impulse leg. RSI at "C" was over-both and diverge which shows weakness in the bullish continuation.
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.