TSLA - Time to bail?

9 de jun. de 2023

TSLA may have completed a significant top today - daily closure could be construed as a spinning top (will require confirmation). Also of note is a 3 GAPs formation, indicating a retracement is on the horizon. The yellow count has more of the look with current PA, but the white count has almost as equal shot of playing out... level by level atm, but if that white 4 region is violated with strength, then this yellow count has a chance to bring TSLA to a new lower low (algo target of 52.87 ish). Weekly candle close was bullish, so will need to see more daily candles to support this thesis... beginnings start somewhere.... also of note is the golden zone and previous gaps providing resistance coupled with the MACD bearish divergence... GLTA!