Not quite a dark cover cloud candlestick today but given how strong the Nasdaq was today and 
TSLA slumped is a fairly pathetic price action on day 2 post Austin launch.
IMO a lot of shorts were on the sidelines until robotaxi commenced. They waited for the pop and now feel more confident in entering short since they were able to assess launch. Buy the rumor sell the news if you will...
Correcting below the pre-launch price back to the lower wedge trend line around low 300s is my target.
TSLA slumped is a fairly pathetic price action on day 2 post Austin launch.IMO a lot of shorts were on the sidelines until robotaxi commenced. They waited for the pop and now feel more confident in entering short since they were able to assess launch. Buy the rumor sell the news if you will...
Correcting below the pre-launch price back to the lower wedge trend line around low 300s is my target.
Trade active
Could be rangebound until it decides to break up or down from the pre-launch mini-wedge
Note
Not looking good.
Trade closed: target reached
Target reached. Closed out for now.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.