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


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 …

For more, please click here to view the related idea and chart analysis on TradingView.

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

Explore the most actively traded options

Trade 600+ futures products on an advanced platform