Tesla is in a Penant Flag Pattern in the downtrend.
Elon Musk has already warned of economic headwinds, falling orders, increasing competition, supply chain issues, labour disputes, production issues in Germany and California, The breakout from this pattern should be in the downside.
The smart trade will be options which bet on further downside from its current levels.
I am short on TSLA and expect the price to test the support the 3rd time before September.
Look forward to your comments, questions, and views
Elon Musk has already warned of economic headwinds, falling orders, increasing competition, supply chain issues, labour disputes, production issues in Germany and California, The breakout from this pattern should be in the downside.
The smart trade will be options which bet on further downside from its current levels.
I am short on TSLA and expect the price to test the support the 3rd time before September.
Look forward to your comments, questions, and views
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