Tesla Top-Down Analysis

Tesla is forming a symmetrical triangle that is bilateral that can be broken on either side.

However, our red trendlines are not valid yet.

So we are waiting for a new swing high to form around the upper red trendline to consider it valid and enter on its break upward.

Or we are waiting for a new swing low to form around the lower red trendline to consider it valid and enter on its break downward.

By break: we mean a candle close.

Good luck!

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