Is Tesla forming a head and shoulders pattern to break through the support line? Considering the position of the resistance line, this seems very likely. If Tesla completely falls below the 223/224 level, a significant drop is expected.
Holding TSLA put options expiring on 9/27 with a strike price of $220.
If it breaks below 224, TSLA could drop below 200. If it can break through 234 again, there might be a significant rally.
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