TSLA as shown on the weekly chart
has hit the top of a megaphone pattern ( increasing volatility)
where it printed a Doji candle to demarcate a reversal
while the relative strength topped out testing its Ichimoku Cloud
but failing.
The ADX has little magnitude ( distance from zero) nor rate
of change ( momentum) and is now pointing downward.
All in all, TSLA on the weekly chart is at a bearish inflection
in the context that TESLA has put out more news about impending
layoffs.
has hit the top of a megaphone pattern ( increasing volatility)
where it printed a Doji candle to demarcate a reversal
while the relative strength topped out testing its Ichimoku Cloud
but failing.
The ADX has little magnitude ( distance from zero) nor rate
of change ( momentum) and is now pointing downward.
All in all, TSLA on the weekly chart is at a bearish inflection
in the context that TESLA has put out more news about impending
layoffs.