Tesla either forming a triangle or a reversed H&S pattern
Tesla drop stopped right onto what would be its right shoulder of a bullish reverse head & shoulders pattern.
As long as this support holds, the potential is bullish towards the all-time high near $414.50 then $500.
Otherwise, a break below the recent low near $194 would invalidate it and would probably mean that Tesla is in a longer process triangle formation.
Next support would be in the $136 area.
Aviso legal
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