Tesla
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Tesla will go down, How far?

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Do you want to know how far Tesla could go down?

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Don't you believe it?
Check my recently private post:
Multi-Timeframe Analysis: Tesla

Hourly Chart: Bearish Channel.

Daily Chart: Bearish Channel+ Bullish Engulfing, could go up to channel upper border.

Weekly Chart: Bearish Flag + broken 1-year trend. Top at 880 will remain intact.

Monthly Chart: Failure to close above January in the last 3 months. evening star followed by Bearish Engulfing , Hanging man , and a Doji .

Change in Average Dollar Value of Trades: -16% in the first 4 months of 2021 in comparison to the last 4 months of 2020.

Conclusion: Bearish is the most probable scenario.

Educational Articles:
1- Channel:
investopedia.com/terms/p/price-channel.asp
2- Trend:
investopedia.com/terms/t/trend.asp
3- Evening Star:
investopedia.com/terms/e/eveningstar.asp
4- Bearish Engulfing:
investopedia.com/terms/b/bearishengulfingp.asp
5- Doji:
investopedia.com/terms/d/doji.asp

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