TSLA breaks below its support and tries to recover

TSLA has gone through a significant sell off recently from its high of 200. After breaking below its support line its has recovered some.

• This does not appear to be a false breakout down as the stock has failed to recover enough to be above the resistance.
  
• We should expect it to bounce off the resistance level and sell off some more.
  
• Overall I remain bearish for the next month or so as the stock market starts its decent and Tesla is sensitive to market cycles