Building on the flag formation from the past 3 years, its possible an rising wedge could form. Very early days and highly speculative, but if price plays out somewhat like my chart, an ascending wedge could form. Indicating that Tesla may have hit a near/mid term high and can't won't break through for a few years, with several implied price crashes going into 2026 and 2027.
Economic conditions and the apparent slow down in sales, would also support the technical analysis with macro fundamentals.
Very curious to see how things play out, again, highly speculative, just wanted to post to remind myself to keep and eye on this. The potential volatility is presenting interesting trades ahead.
Economic conditions and the apparent slow down in sales, would also support the technical analysis with macro fundamentals.
Very curious to see how things play out, again, highly speculative, just wanted to post to remind myself to keep and eye on this. The potential volatility is presenting interesting trades ahead.
Note
I'm new to publishing ideas so don't know why the bitcoin chart is also showing, if anyone knows how to turn that off, would be greatly appreciated.
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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.