Tesla TSLA Update Technical

Tesla TSLA Technical
TSLA has been getting hammered past week, it is down almost -15% from $180 to $169

What do I see on the technical side?
- Reached new lows
- Strong support at 170.00
- If support breaks we are coming towards 166.00
- We SHOULD see a retracement towards $188
- We are forming a double bottom which is great news
- Fib retracement should hold at 0.5 at least to 0.618

Do you agree we will retrace to Fib level 0.618?