A giant Head and shoulders is forming so prices should drop back down to fill the gap at $217, then it should rise back up to form another mini Head and shoulders which should take it back down to $200 which is the top of the range in March, which is also the 200ma on the daily and the weekly and is also the 50ma on the weekly. There will be lots of buyers waiting to load up at $200 for a quick reversal back up above the double bottom. This seems to be the pattern that Tsla smart money uses like they did back in March this year.
Smart money needs a double bottom to be formed to get lots of retail longs involved so they can become sellers when they push prices down below support in order to provide liquidity for them without marking up prices.
Smart money needs a double bottom to be formed to get lots of retail longs involved so they can become sellers when they push prices down below support in order to provide liquidity for them without marking up prices.