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Tesla – Weekly Analysis

$TSLA lost 15% after our call on August 5th and is bouncing now. While riding down on Friday, the stock crossed the must-not-cross line $217.65 and made major technical damage. The main focus of this report is assessment of the consequences.

In our report we evaluate candles and candle structures, discuss recent technical events and their long term impact, and project the long and mid term targets using the Elliott and Fibonacci theories.

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