I keep asking myself... Are these companies really going to crash? Is everything really going to hell?
If we go by past history then yes... I've been reading charts for a few years now and when looking at them long-term, especially the traditional financial markets, they read like an open book.
If the signals are pointing down it goes down. Only cryptocurrency is so tricky that the signals are always fake and mixed up but not TradFi, oh no... Whatever you see on the chart, that is exactly what goes on.
Enough ranting, we are here for the Tesla stock. TSLA.
Right now TSLA is trading right above critical support.
If support breaks, much, much lower it goes.
The critical support is the 0.618 Fib. retracement/Golden ratio, matching MA200 of course.
Maybe we will have nuclear war or Covid 3.0.
The charts predict the future. Some sort of event needs to happen, needs to take place for this crash that we are reading here to show up.
Maybe it will be political instability as the censorship revelations pile up. Or maybe some sort of assassination, something we haven't seen in a wild or a revolution... Who knows.
Let's hope Cryptocurrency can save the day. It was lots of help in 2020 when Covid was installed.
Hopefully it will save us when the next market crash comes.
Previous trade idea | 19-November-2022 | Tesla | Chart Spells Doom!
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