Tesla primed for a massive breakout!
#TSLA Tesla's stock chart reveals a Descending Broadening Wedge pattern, often considered a bullish signal. This formation is characterized by lower highs and higher lows within two diverging trend lines, suggesting weakening bearish momentum. With the volume trending lower as the pattern developed, a potential reversal could be on the horizon. Traders should watch for a breakout above the upper trend line, which could indicate the start of a bullish trend, but remain cautious as a breakdown below could signal continued declines. Stay tuned for a breakout with volume for confirmation.
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