Tesla

TSLA Bear Flag Short Idea

TSLA has a nice looking bear flag on the 1hr after seeing a massive fakeout above it's major 2.5 year downtrend. It definitely looks like a bearish chart to me all things considered, but this could provide a long opportunity if it did gap up above tomorrow.

For now I consider it bearish and will be looking for a break below the bear flag and a retest where I plan to enter puts targeting the low from last week and the trendline support below, which comes from the April low. It'll be looking pretty rough for bulls in my opinion if it does break that uptrend from April, but as of now I'll take it one step at a time.

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