Tesla's bounce target this week

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Tesla is still in a downtrend. It will need to reverse the trend on a higher timeframe soon if it is to invalidate my bearish thesis...that there is still at least one leg lower (over the next month or 2). For now we monitor price action to determine invalidation levels. We are currently in the anticipated bounce to my green box (total of 4-7 days up) and then a retracement to my red box (total of 4-7 days down).

May the trends be with you.

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