Tesla

TSLA bearish bat

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There is a bearish bat pattern formed on TSLA, and the reversal to the downside has already begun. There is a gap to fill (low resistance area) which would bring the price down to a 50% retrace of the previous uptrend (C -> D). The risk/reward ratio is not quite good enough for a short trade setup, in my opinion, but it might be wise to close long positions until the bearish price action plays out.

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