TSLA
Tesla has put in an triple-top while failing to reach the median line of the red ascending fork. (Hagopian Gap noted by yellow circles)
The Hagopian Law states that price should make a strong move away from the Median Line/ MLH / ML Extension after it fails to reach it.
Price has now left the red ascending fork and has also broke under the sliding parallel. (yellow dashed line)
I'm expecting price to continue moving down the descending purple fork towards the support line at the "C" Pivot (Target 1), OR to the trigger line of the ascending fork (Target 2).
Target 1 = ~ $208
Target 2 = Trigger Line Range $170 - $135
* Note the intersection of the trigger line and descending fork's ML at ~ $160
Just speculation, but I'm thinking that the upcoming October 19th earning report may serve as a catalyst for this big move lower.
Let's see what happens.
Fat_Fat