Telsa to $90On the above 2 week chart price action has printed two significant macro indications:
1) Broken market structure, failed support.
2) A lower high, trend reversal.
Beginning from 2023 price action entered an upward channel before a breakout in December. This move in price action created a bear flag pattern. A forecast may now be measured from the last downtrend to the support, which is a 66% correction to just under $90.
Is it possible price action continues up? Sure.
Is it probable? No.
Ww
Type: short trade
From: $220 ideally
Stop-loss: elsewhere