Multiple instances of bearish TSLA divergence
Looking at the 4 hour chart for Tesla going back to mid-june, we can see a trend of higher highs, while Accumulation and Distribution, as well as RSI indicate a trend of lower highs. Given that Acc/Dist is a cumulative indicator, and RSI is not, it's pretty remarkable seeing them so aligned. Triple exponential average ribbon has thrown it's first bearish signal, marked by the red arrow. See my previous posts for my long term macro bull thesis... however short term, I would consider taking profits. 30m candles are even painting a small head and shoulders.
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