myceliium

TSLA: Retrace after failing to break prior resistance

Short
myceliium Updated   
NASDAQ:TSLA   Tesla
It's shorting season again and I've got my eyes set on this white whale. There's the potential for this to turn out to be a 4th wave completion but considering the multiple tops and market-wide weakness, its more likely to be a B wave of a larger ABC correction. Oscillators on the chart seem to support a retest of previous lows. Let's hope my analysis isn't being blinded by my general bearish disposition.
Comment:
Playing out nicely. Good spot to take profits

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