wordsforthewise

Probably nearing a reversal

wordsforthewise Updated   
NASDAQ:TSLA   Tesla
I'd guess tezzler is nearing a reversal soon. A massive bearish div on the daily and weekly RSI. Stoch and MACD on daily don't have bearish divs. Candlestick patterns show no trend reversal or stopping signs yet. Could be a few more days before we get a candlestick signal that looks like a trend reversal. Then again, Elon will probably pull some other tricks out to pump the price. Not sure what he has left at this point, but maybe something about another new model of car or something. I'd expect some kind of pullback to one of the mid to lower fib levels (61-ish).
Comment:
middle line is showing the volume trend, which is decreasing with each new high. Another bearish signal is that the price is around 3x the 200-day moving average. With bitcoin, this is the mayer multiple, and higher values like this signal overvalued times
Comment:
I'd first expect a bounce around 15k due to the large consolidation and volume there. Temporary dead-cat bounce, then down to around 750. Tezzler bulls will say this is impossible, but we'll see
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