TSLA is in a downtrend, so coming out of this triangle we should expect a continuation of that downside. Locally we're coming into the 0.5 / 0.618 typical reversal area so i'd expect it go down. What will happen as we hit the bottom of the triangle?? If we break down then i can see us seeing the local low.
TSLA was ready for a correction. Knowing TSLA, it will just keep climbing and wont go back down (someone forgot to tell TSLA about TA 'rules'!), but if we start to see signs of reversal then there's the possibility to get some great buys on TSLA in the next few weeks.
