Telsa to $90

On the above 2 week chart price action has printed two significant macro indications:

1) Broken market structure, failed support.
2) A lower high, trend reversal.

Beginning from 2023 price action entered an upward channel before a breakout in December. This move in price action created a bear flag pattern. A forecast may now be measured from the last downtrend to the support, which is a 66% correction to just under $90.

Is it possible price action continues up? Sure.
Is it probable? No.

Ww

Type: short trade
From: $220 ideally
Stop-loss: elsewhere

Handel aktiv

Kommentera:

GRM resistance confirms.
This is now an official bear market for this stock.

Kommentera:

If 160 fails to hold, it is straight to 117.

Handel aktiv

Kommentera:

There be no end of messages asking if the idea is not void.
No.
Price action is actually at resistance, the same price the idea was publish.

You should watch this.. it is amazing to me how little coverage the number of Teslas ending up in the scrapheap are receiving so little attention.

www.youtube.com/watch?v=iE8AmkQR...