Short

$TSLA - Hot Technical Mess - Head & Shoulders; Double Top; etc.

is showing a double top on the weekly chart, with a current retest of the key support turned resistance.

Lower time-frame charts show the the 2nd top of the double top as a head and shoulders.

Price broke out of the current downtrend resistance to form inside bars on the daily and weekly charts. I expect this to consolidate between $937 and $880.50 for a at least a few more days.

Trade Idea: Leaning bearish, but Long over $937; Short under $880.50. Must confirm the move. Also viable to play bull/bear at successful rejection at either levels.

Options Flow over the past 2 weeks has been fairly close to 50/50 bullish/bearish. No help there.

TheGritz

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