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As powerful as Tesla’s rally has been, there were four distinct “barriers” TSLA was facing. Three of them were Fibonacci retracement levels, and one was a long-term trendline. Earlier this week, it poked its head above all of these briefly, but today it finally succumbed.
The trendline continues to hold sway. The big question is whether next week’s Robotaxi announcement, on the 10th of October, finally lets TSLA escape this trap. More By This Author:Retail FailDealer No DealA Bond Bull