Macro diamond pattern which can signal reversal.
However with Tesla you just never know what Elon is going to tweet and tinker with the price.
I will be waiting for the price to break through the diamond either higher or lower and have indicated my long and short entry positions.
If it breaks above trend then the diamond is invalidated and I will buy. Use 825 as a stop loss and watch 869 as a level of resistance.
If it breaks below trend,diamond is confirmed. I will short from $795 using $810 as stop loss then watch for resistance a 778 and watch for continuing breakdown.