TSLA Looking Very Bearish

Mar 3, 2021

Recent recall's - New competition- Flagrant Crypto purchases may have the believers of Tesla seeking drier land as this price sinks from ATH's. Downside price action has TESLA dipping into a bearish momentum/ action with at least a 1st wave rejection.. there could be more than 1 wave, but this is going to take price down tremendously.
I am seeing what appears to be a bearish shark pattern- which takes a lot to regain momentum to the upside. The good news is if the support is maintained there could be a couple of rally points, but these may be false and prove additional downside action. These patterns can be very tricky- but are key signals lower prices are coming. Shorts may fare well right now. For how long? We have to wait and see.

Mar 19, 2021

Note

Expert some buying to take place back up to 720 ish, but the buying thats going on is still in a massive red zone of resistance... Could be a massive dead cat bounce forming

Mar 22, 2021

Note

Tesla showed a somewhat positive sign today as it bounced on .382 fib.. but there is no way of knowing if it will hold for higher prices until it gets to the 786.... its still not out of the woods for downward price action.

Mar 24, 2021

Note

Looking so nice lol

Apr 13, 2021

Note

TSLA has recovered from the downward slope.. looks to be good if it can stay above 725.

Apr 19, 2021

Note

TSLA just broke back below 725- bearish activity resumes.....

Apr 23, 2021

Note

TESLA can still go lower- thought this breakout would be stronger.

Apr 29, 2021

Note

Looks like back on track for the bear move.

May 18, 2021

Note

If Telsa does not hold at 480 ish.. price could slip to 320. Be careful!