Tesla is forming a double top. Volume profile and RSI support this hypothesis. Volume has decreased and RSI is overbought and at the same level compared to the previous high.
First drop is 10% to around 760-800
I also predicted this recent bull run in my previous analysis of Tesla:
First drop is 10% to around 760-800
I also predicted this recent bull run in my previous analysis of Tesla:
Note
This cannot be a double top but after this exhaustion gap we saw today the bearish sentiment persists.Note
Even Elon Must doesn't understand what's going on with Tesla! It reminds me of MRNA at 486
Market Maven: Never Miss a Move.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Related publications
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.
Market Maven: Never Miss a Move.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Disclaimer: This is not a financial advice and all posts are for educational purposes only.
Related publications
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.