TSLA what happened? Robo-Taxi Doomsday.
Today #tesla saw one of the greatest intraday reversal candles.
Immense volume behind the decline..
Very weak market + negative headline regarding The Robotaxi being delayed.
In a matter of hours Tesla has engulfed 4 bullish days of price. We also may have a weekly topping tail forming which could signify further weakness.
If Tesla fails at his breakout, we could be putting in the 8th lower high...this is a problem because it would mean this was simply a counter trend rally.
if we think about the delay of the taxi to October..This does not signify confidence in the project. Elon and the team could be running into many kinks and problems.
With this delay i personally don't see the bullcase for the next few weeks/months for Tesla. This was leading to a buy the rumor sell the news event until the event got rugged.
Immense volume behind the decline..
Very weak market + negative headline regarding The Robotaxi being delayed.
In a matter of hours Tesla has engulfed 4 bullish days of price. We also may have a weekly topping tail forming which could signify further weakness.
If Tesla fails at his breakout, we could be putting in the 8th lower high...this is a problem because it would mean this was simply a counter trend rally.
if we think about the delay of the taxi to October..This does not signify confidence in the project. Elon and the team could be running into many kinks and problems.
With this delay i personally don't see the bullcase for the next few weeks/months for Tesla. This was leading to a buy the rumor sell the news event until the event got rugged.
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