Tesla Monthly (Bearish)
Let's keep this one simple:
➖ We have a downward bias based on a perfect trendline.
➖ This down-trendline is confirmed as strong last month with the session producing a wick above it, but closing below it.
➖ This bearish tendency is confirmed by this monthly session turning red below this trendline.
➖ Trading volume has been declining since February 2020.
➖ The peak has been clearly established November 2021.
➖ Current session trades below 0.5 Fib. retracement.
There is a strong, multi-year long bearish bias on the long-term TSLA stock chart.
👉 Current price action and market dynamics, points toward lower prices.
Namaste.
➖ We have a downward bias based on a perfect trendline.
➖ This down-trendline is confirmed as strong last month with the session producing a wick above it, but closing below it.
➖ This bearish tendency is confirmed by this monthly session turning red below this trendline.
➖ Trading volume has been declining since February 2020.
➖ The peak has been clearly established November 2021.
➖ Current session trades below 0.5 Fib. retracement.
There is a strong, multi-year long bearish bias on the long-term TSLA stock chart.
👉 Current price action and market dynamics, points toward lower prices.
Namaste.
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