Tesla
Short

$TSLA Likely Heading Down To $38.60 From Here

TSLA has had 5 waves upwards and within these waves has formed somewhat of a Logscale AB=CD Harmonic Pattern. The minimum targets for these AB=CD patterns are typically back down to the C level which in the case for TSLA should take us down to around $38.60.

As far as the Technicals go we have the MACD beginning to curl down and will be crossing bearish soon and the RSI has shown extreme amounts exhaustion at these levels; Lastly we have a confirmed Evening Star Doji Visible on the Monthly Chart.

Everything simply just points down for TSLA.
5wavestructureChart PatternsHarmonic PatternsTechnical Indicatorslogscale

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