$TSLA TOP 20
Added 2023-03-25 21:11:15 +0000 UTCI chart this every day so we know where we are with this, the concern here for the bulls is the bear flag, there is a bear flag or ascending wedge on the $SPY, $MSFT, $AAPL, $QQQ and $NVDA chart, all massive players and big indices, so $TSLA is not alone here....they could all break out above these bear patterns or all come down together....we need to remember that they are called bear patterns for a reason and it is not surprising to see them all form the same pattern at the same time.
So the big question is? will the bulls come out in force and save this market next week?...its a big ask.
If the RSI's were showing that they were in the oversold territory, you might consider that the opportunity is there.
For $TSLA, the RSI is showing descending from the start of Feb and MACD looks flat now.
I have added the second green impulse wave, if Wave 2 did complete at $164. If this can get above the previous high and the 200 Day MA and hold, the bulls have it, failure to do this and its coming down for another chance to hold at the 0.618-0.65 Fib again.
