The world is obsessed with Elon becoming a trillionaire. Tesla’s value, an important element to that bizarre goal, peaked on December 22nd. It has lost about 20% of its value since then. From a charting perspective, what’s more important is that the price is at crucial support at about $400.
Roughly speaking, Tesla has moved from $500 to $400. If all those Fibonaccis fail, the next move will be just above $300.
