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Tesla
Short

TSLA Correction $210

By Jay_Mata_Laxmi
Updated
TSLA went too high in a short time, the cooling is must. I am looking for gap fill at $210.

Not a financial advice.
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Today was another setup for bull trap. I am expecting TSLA to drop 215 -220 zone, sideways before earnings and sharp drop after earning to $191.
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The bullish momentum couldn't keep the price above $260. The weak rally of TSLA will crumble down, as fast as it went up, inevitably before earnings.
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Notice the decline in volume, the massive rug pull is underway.
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TSLA closed under $250, volume is shrinking. A massive sell off is still due before earnings.
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Nice drop today, closed below $240. The volume is dropping,No more bulls, earnings will fuel the dumpster fire.

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Nice dump on TSLA today and basically closed below $217 initial target, I am expecting $205 level from here.

If it reaches the $205 level, I do expect a bounce to $220-$225.

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Trade closed: target reached
Trend Analysis
Jay_Mata_Laxmi

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