Time to short TSLA yet again. The Short call back in Dec 2018 proved to be a very nice top.
TSLA then dumped to the 1.618 extension perfectly! (within pennies)
Since that low target was hit the bounce back up has been (so far) a nice looking ABC pattern. Please note the 1.618 extension was hit today... yet again, on the top side!
Let's call today's high "the top". We are in the sell zone here at 356.
Let's set up a long term short as TSLA is probably in a very large correction as we talked about back in Dec 2018.
Remember we want to buy TSLA when it comes down to the green buy line below.
Way below!
TSLA then dumped to the 1.618 extension perfectly! (within pennies)
Since that low target was hit the bounce back up has been (so far) a nice looking ABC pattern. Please note the 1.618 extension was hit today... yet again, on the top side!
Let's call today's high "the top". We are in the sell zone here at 356.
Let's set up a long term short as TSLA is probably in a very large correction as we talked about back in Dec 2018.
Remember we want to buy TSLA when it comes down to the green buy line below.
Way below!
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.