I have been posting a bearish call on Tesla, since the 200s, since last Sunday.
However, I believe that the shorts from the past week, are about to close some or most of their positions.
Maybe.
Usually these trend cracks, do not fall off immediately, but will retrace or pull up to the crack-line, where I expect the shorts to re-enter. That crack-line pivot is somewhere around the 189/190 range, as denoted by that white dot in the chart below.
P.S: Please note that this is NOT A COMPLETELY bearish call for later, yet! Because, if price reclaims that channel again, by breaking the 190s and settling in the low 190s range, then this can test the high 190s to low 200s again, as I had mentioned previously.
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