TESLA long term bearishness started
Updated
Tesla seems loosing strength with rising wedge bearish pattern broken with volume. This is long term review as chart is 1W TF. So result may be for long terms like 4week to 12weeks or further. So please don’t over judge it but any positive news there, it will be opportunity of sell on rise only. As this is very strong pattern and wont fail in most of the scenarios especially when we see it in longer timeframes. It can also fill the gap till 208 too then big players will start the bear run too.
*Target8 & 9 are bit bold but you never know as wedge pattern targets are always bigger.
Ideally last bullish target - 208 after that it can attract the further fall. But this is just assumption, please don’t go wild. without any financial advice. I am not a financial adviser. Sorry in advance if i attract any trouble, i am not responsible if things go right or wrong. This is my general view as per chart patterns.
Target1 177
Target2 166
Target3 153
Target4 144
Target5 129
Target6 117
Target7 103
Target8 85
Target9 68
*Target8 & 9 are bit bold but you never know as wedge pattern targets are always bigger.
Ideally last bullish target - 208 after that it can attract the further fall. But this is just assumption, please don’t go wild. without any financial advice. I am not a financial adviser. Sorry in advance if i attract any trouble, i am not responsible if things go right or wrong. This is my general view as per chart patterns.
Target1 177
Target2 166
Target3 153
Target4 144
Target5 129
Target6 117
Target7 103
Target8 85
Target9 68
Note
on the course...Note
Between the target1 & 2.Note
second selling wave will come soon.Note
This is now not valid. given good upside from the bottom.
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