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It's about to plummet back to 600ish area. For a 30% haircut.
 

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Put some fibonacci lines on the chart, from recent breakout to where it stops, and those should map the retracement points, which I would guess to be temporary at this point. Eliot wave would make this jump up right now just leg 1. Leg 2 is down, probably to the fib line, then 3 is much farther upward.
 

Xenom0rph

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You called it, bruh. You were right. Last i checked Tesla stock was mid $800's now it's down to $730/share.

But I'm not into shorting so i'll have to pass.
 
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Xenom0rph

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I might do the opposite and load up on tesla stock and hold for a while. Let's hope it drops more.
 

Danger

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I might do the opposite and load up on tesla stock and hold for a while. Let's hope it drops more.
Be verrrrrrry careful. This is a falling knife and while I predict 600 it could very possibly hit 400 before it's done correcting.
 
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Xenom0rph

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Be verrrrrrry careful. This is a falling knife and while I predict 600 it could very possibly hit 400 before it's done correcting.
How did you predict this? Were you watching any market analysts?
 

Danger

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How did you predict this? Were you watching any market analysts?
Just experience. When something runs up this fast on this much volume and you see a reversal candle like it had yesterday then you can be sure it is coming down fast and hard.
 

MatureDJ

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It's about to plummet back to 600ish area. For a 30% haircut.
GREAT CALL!
 

Danger

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As I look at TSLA today, I actually think it may hit new highs. It bounced hard this morning.

Closed my short about 30 minutes ago. Now we see what happens.
 
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