Tesla on the way up or down
Now it has come up and rejected its .5 fib and resistance trend.
Bottom line, overall TSLA is in bearish territory below 250 on the macro chart.
Lower time frame is building out a potential inverse head and shoulder look. Can see it better with extended hours on.
Hopefully can be getting over 250 soon and is an obvious contender if rate cuts start coming to fruition.
Would personally love a test and hold of 200 (maybe a sweep lower) to feel good about some long term shares and options.
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If TSLA dips to $200, might be time to grab some long-term shares. Thoughts?
A test of $200 would be perfect for loading up
Rejecting resistance again—seems like TSLA’s stuck in a bearish loop for now.