Chart of the day

TSLA downside continuation

TSLA is retesting the broken downside resistance of 180 in a bearish flag. We need to see a strong break below 164 for a downside continuation from here.

A break above 185 is now required for a reversal higher and another test of 206 A confirmed break below 164 will lead to an extension lower into a targeted area of 90-120.

TSLA 3 days chart

Look for the short trade entry with a stop loss above 190. Long trades you can take in the case of a confirmed price action break above 206.

TSLA trade setup

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