TSLA broke down 61% fibonacci retracement from swing low.
As you can see, TSLA has broken down its long term support line as well as Fibonacci retracement level of 61% from swing low (March, 2020). This current development in the chart pattern is also a H&S with a neckline break and retracement. It isn't surprising to see this when Mollusk releases sloppy products for absurd prices (cars that smell of cheap plastic in the inside, sloppy overall quality, millions of recalls, endless fatal crashes, ...) and gets his way into no go lands (Twitter) because of his impulsive behavior. Next stop on the way down is 113 (only if it holds, otherwise there could be even more downside).
This idea is only my personal opinion based on available evidence. This is not an investment recommendation. Please do your own DD before making any investment decisions.
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