$TSLA TOP 20
Added 2024-01-17 18:44:24 +0000 UTC$TSLA continues to drift down to the 0.78 Fib which is in line with our expectations of completing its right shoulder of this Inverse H&S pattern.
Going lower than this level, particularly lower than the previous low in October at $194 would be a cause for concern for the bulls, this would also mean that $TSLA has counted a series of lower lows and lower highs....not a good situation to be in.
But for now, the bulls have everything to play for and when the market completes Subwave 2 and if this formation is still in tact, it has every chance to recover and complete the right side of this shoulder.
