TSLA has had 5 waves upwards and within these waves has formed somewhat of a Logscale AB=CD Harmonic Pattern. The minimum targets for these AB=CD patterns are typically back down to the C level which in the case for TSLA should take us down to around $38.60.
As far as the Technicals go we have the MACD beginning to curl down and will be crossing bearish soon and the RSI has shown extreme amounts exhaustion at these levels; Lastly we have a confirmed Evening Star Doji Visible on the Monthly Chart.
Everything simply just points down for TSLA.
As far as the Technicals go we have the MACD beginning to curl down and will be crossing bearish soon and the RSI has shown extreme amounts exhaustion at these levels; Lastly we have a confirmed Evening Star Doji Visible on the Monthly Chart.
Everything simply just points down for TSLA.
