Fibonacci Sinkage

Tesla is succumbing to the weight of the trio of Fib retracements.

Cars Parked In Front Of Company Building

Image Source: Pexels


Elon’s pledge of a cage match isn’t helping the fact that his primary asset, Tesla (TSLA), is succumbing to the weight of the trio of Fib retracements.

What was support is now resistance. It’s an easy tumble to about $220.

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