TSLA further downside
Updated
TSLA is in a downtrend, so coming out of this triangle we should expect a continuation of that downside. Locally we're coming into the 0.5 / 0.618 typical reversal area so i'd expect it go down. What will happen as we hit the bottom of the triangle?? If we break down then i can see us seeing the local low.
Note
$600 also seems like a key area. If we drop out of the triangle, 600 is the next key support. If we come through there, then I expect low 500s is easily in scopeNote
Well hell. TSLA really rejected that area. And fast too!
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