𝑻𝑬𝑺𝑳𝑨 𝑪𝑶𝑵𝑻𝑰𝑵𝑼𝑬𝑺 𝑻𝑶 𝑭𝑳𝑨𝑴𝑬 𝑶𝑼𝑻.
Last week we looked at the possibility of a local triple top on Tesla, as price struggled to break above $900. As this week starts off, there has been a significant drop off on the Tesla price. With a target from the triple top of ~680, we are probably pretty close to a point of recovery.
In the broader context, we are also near the bottom of the rising channel as well - which is a nice confluence factor we need to keep in consideration. And additionally, RSI is teetering on the edge of oversold.
But where is the volume!
Last week we looked at the possibility of a local triple top on Tesla, as price struggled to break above $900. As this week starts off, there has been a significant drop off on the Tesla price. With a target from the triple top of ~680, we are probably pretty close to a point of recovery.
In the broader context, we are also near the bottom of the rising channel as well - which is a nice confluence factor we need to keep in consideration. And additionally, RSI is teetering on the edge of oversold.
But where is the volume!
