Ending diagonal / How to swing a Tesla retracement
Technicals: Looks like we're having an ending diagonal going on here. If you do a retracement fib on Tesla's extensions, you'll see that it often retrace down to fib 50 - bounce up to 70 then fall down to 20. So I think there will be a good short opportunity coming around 1620. However, I'm still extremely bullish. I believe the bearish fundamentals of the market could totally wrong and that we could have a "deflationary boom" - opposite of what everyone thinks.
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.