Ending diagonal / How to swing a Tesla retracement

29 ביולי 2020

Technicals: Looks like we're having an ending diagonal going on here. If you do a retracement fib on Tesla's extensions, you'll see that it often retrace down to fib 50 - bounce up to 70 then fall down to 20. So I think there will be a good short opportunity coming around 1620. However, I'm still extremely bullish. I believe the bearish fundamentals of the market could totally wrong and that we could have a "deflationary boom" - opposite of what everyone thinks.