Fibonacci Fly Trap

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Next Tuesday’s election (have you heard about it?) is going to move a lot of financial instruments, one of the most important being Tesla. If Trump wins, TSLA should fly. If Trump loses, it’ll get nuked. As it is now, it has found powerful resistance in the same place it has for the past 18 months: right at the trio of Fibonacci retracement levels, where it is stuck at roughly $260 for the foreseeable future.