Telsa's trend, revealed by trends of price, leverage, and time, are defined and discussed in the The Matrix for subscribers.
Telsa's primary trend has been in downside alignment since 3/1/2019. It's produced a maximum return of 1084%. 1084% return generated BrS = 3.9 and 3.7 in April and May, so traders would have likely took profits by May. While the bulls are claiming victory after the bottom, they're still not using discipline when buying TSLA. Bearish alignment still exists. BrT = 5 (downside alignment is 5 months old) and BrST = 0.4. In other words, the downside alignment, while past it's cyclical mean, is not extended. It's generally wise never to buy against downside alignment of the primary trend. Smart money has take their profits, but won't cover their entire short until bearish alignment disappears.
Word of caution, those that believe they can achieve above average returns by trading against the primary trend are usually severely punished.
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