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As powerful as Tesla’s rally has been, there were four distinct “barriers” was facing. Three of them were Fibonacci retracement levels, and one was a long-term trendline. Earlier this week, it poked its head above all of these briefly, but today it finally succumbed.
The trendline continues to hold sway. The big question is whether next week’s Robotaxi announcement, on the 10th of October, finally lets escape this trap.(Click on image to enlarge)
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That Tesla Trendline
