Shaky long-term trading for Tesla (Triple top + dip? )

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Since Oct. '21, Tesla has been trading along this channel. Some patterns emerge that we can point out:

After hitting the top of the channel three times from Oct. 21 to Apr. 22, it was followed by a dip to the bottom of the channel.

To a lesser degree, rising to about .75 the height of the channel on July 22 and hitting that region 3 times, this was also followed by a dip to the bottom of the channel.

We currently have the same pattern emerging since July '23, with the price of TSLA dipping to below $200. This cycle is interesting because it is bouncing off the midline instead of the bottom of the channel.

The next few days are going to be crucial for the stock:

• Bull case: If the stock can consolidate strongly along the $180-200, we may be able to break out of the channel to the upside.
  
• Bear case: If the stock fails to consolidate strongly along the $180-200 range, we may see a dip to $120-160.
  

This will strongly depend on investor sentiment in the company, which currently isn't looking strong. A lot can happen in the next few weeks to turn that around, such as further advancements of AI for Tesla's autopilot.