An update on my previous TSLA forecast (linked below).
- Price hit the 61.8% fibonacci as expected and retraced upwards, again as expected.
- It has now hit serious resistance and formed an A-B-C correction pattern.
- The way the chart is setup with price action, stochastic and RSI, there is valid reason to believe we have just corrected after selling off deeply in the past few weeks
- I expect a downwards continuation to break down further past $550 and towards the $400-$500 range
- The EV bubble may still have further room to drop before resuming it's takeover
