Jonalius

Jonalius Updated 

Looking at the weekly MACD & RSI, we can see they have been consistently gaining strength while price action moved down. It is possible that October may have been the BOTTOM of this market correction however it is way too soon to tell, & we need time to continue along as we see markets digest rate hikes, earnings, CPI, etc... While everyone and their...

Jonalius

Comparing price action to 2019 on the weekly chart, we can see in the green circles that the weekly RSI bottomed before going on to start a massive 300% rally in the months ahead. That type of move today in that exact same timeframe would cause Tesla to rally to $650 from July 17 ($234) to October 2023 (New ATH). I believe this or a similar pattern is possible...