I expect TSLA to drop to $178.30 by Tuesday, May 30th, or Wednesday, May 31st. This is a trade that can possibly play out to the downside when the market opens, but at the same time, this is really risky. It is a trendline resistance coupled with a major reversal zone that I spotted in the 15-minute time frame, but in the lower time frame (3-minute time frame) I observed that there was a minor key level at the trade entry.
I am not a financial advisor. Trade at your own risk
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Price was @ 198 when market opened. This is a trendline breakout, however it doesn't have the momentum, so I do see it crawling down to $178.30 this week.
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