Tesla continues is triangle consolidation. While we still do not know which way this will resolve, the macro pictures painted a bullish backdrop with stocks rallying on day 5 of the new daily cycle. Stocks also formed a weekly swing low signaling that this is week 1 of new intermediate cycle.
Tesla tested the top stem of its triangle consolidation on Tuesday. A break above the upper stem of the triangle consolidation should result in a tending move.
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