A head and shoulders pattern is forming on higher timeframes for TSLA. If the formation plays out, a drop to around $100 may occur.
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Price reached the target around $100. Price should move higher for a correction. I still think TSLA could make another leg lower to sub $100 after this correction
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See what 2024 has to offer:
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Got a bounce around $175 where the arrow was at. Never got a short erm bounce around $200, might see a little upside from the $175 area..could be corrective
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If price can continue to reject below $200, I think sub $100 over the next several months has a high probability: