With the market reaching lifetime highs day after day, it is remarkable that Tesla (TSLA) is steadfastly obeying the power of the price gap, the Fibonacci, and the trendline. This is a powerful trio, and in the context of a mega-bull market, it is quite revealing that TSLA is acting so weakly.

This is made even more clear with a longer-term observation.

I’d say this is a very strong candidate for much lower prices in the months to come.

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