Tesla in October 2020
I've highlighted or marked the double-top pattern that IS NOT YET CONFIRMED.
This week we got the news of Battery Day and the hype has died down.
Both rejections on the Weekly chart show more Bear Volume than Bull.
MACD hasn't flipped bearish since March.
RSI is still over-heated.
The U.S election is 40 days away and there has always been a market dump around this time.
These are all prime factors to consider for what Tesla's price action will look like in the next month or so.
Being short or cash is the best move at the moment with all of this uncertainty.
This week we got the news of Battery Day and the hype has died down.
Both rejections on the Weekly chart show more Bear Volume than Bull.
MACD hasn't flipped bearish since March.
RSI is still over-heated.
The U.S election is 40 days away and there has always been a market dump around this time.
These are all prime factors to consider for what Tesla's price action will look like in the next month or so.
Being short or cash is the best move at the moment with all of this uncertainty.
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