Tesla either forming a triangle or a reversed H&S pattern

31 באוק׳ 2023

Tesla drop stopped right onto what would be its right shoulder of a bullish reverse head & shoulders pattern.

As long as this support holds, the potential is bullish towards the all-time high near $414.50 then $500.

Otherwise, a break below the recent low near $194 would invalidate it and would probably mean that Tesla is in a longer process triangle formation.

Next support would be in the $136 area.