Chart of the Day: Is Tesla Going into Reverse After a Sharp Rally?

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Tesla had a sharp rally in late March, but now there could be evidence of sellers taking the wheel.

The first major pattern on today’s chart is the trendline running along the peaks of November 4, January 4 and April 5. Each time prices have approached with a bang, only to reverse lower the next candle. The ovals highlight …

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Tesla (TSLA), daily chart with selected patterns and indicators, courtesy of TradingView.
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