TESLA – SHORT TRADE IS ON

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Tesla’s fake out above trend line resistance has taken out all short traders as all positions hit stop out mark.

3 hours before closing bell yesterday, Tesla started pulling back hard 3-to-1 ratio compared to NASDAQ’s performance, as short traders reopened positions and the rest of the crowd is expected to join in today.
A 400$ spread or 25% correction is inbound with target on the second gap line opening.
See the chart attached for our take profits.
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