Bearish Dark Cloud Cover at a 0.618 Fib Retracement On the Daily
Yesterday TSLA went up to fill a gap before closing bearishly on the daily and ultimately forming a Dark Cloud Cover. This is a bearish signal that could take us down to fill some gaps on the downside, potentially going as low as $412; Any significant price action above the 0.786 retrace will negate this trade and any significant price action below the 55 Day Simple Moving Average will strengthen the validity of this trade.
