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Bearish Price Channel (speculation)

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BATS:TSLA   Tesla
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s long as prices decline and trade within the channel, the trend is considered bearish. The first warning of a trend change occurs when prices fail to reach channel line support. A subsequent break above main trend line resistance would provide further indication of a trend change. A break below channel line support would be bearish and indicate an acceleration of the decline.

-Stockcharts.com

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