Don't get overly excited on TSLA longs

TSLA is trading between $166 and $90 levels. The stock is still firmly bearish on the weekly showing a pullback into premium end of the previous leg down.

Media is calling TSLA bullish, I on the other hand am of differing opinion as the premium end of the dealing range is capped at around $170.

The stock will likely correct back down and trade in a range with a possible reach below 90$.