Bear - Tesla Heads & Shoulders Pattern
TSLATesla formed a definitive Heads & Shoulders Pattern. Extremely Visible on the monthly chart (marked by the thick red line and green triangles).
Today, tesla broke 2 major support lines (bottom light blue line & first orange line).
After a potential return move to 170ish I have a price target of 140.71 (second orange line)
I have had puts on tesla since it failed to break 315 (green arrow). This was a sign of weakening demand since it did not reach the previous resistance line (top light blue line)
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