I just can't get on board with that. Monthly needs a reset (...
I just can't get on board with that. Monthly needs a reset (very bearish right now), were coming down to test the bottom of the pennant, which will be right near a double bottom at 101.81 $Tesla (TSLA.US)$
![I just can't get on board with that. Monthly needs a reset (very bearish right now), were coming down to test the bottom of the pennant, which will be right nea...](https://sgsnsimg.moomoo.com/sns_client_feed/102186571/20240812/1d8ad35ae7ac46df8956d0796806e2a0.png/big?area=101&is_public=true)
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Aaron Invests (AI) : I'm already seeing signs of a bearish pennant formation in the daily as well. Daily may have a fakeout but monthly trend is strong. Best wishes to those who are trading as there is definately opportunities.![undefined [undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36)
piyush Aaron Invests (AI) : while bearish, bearish pennants are toughest to trade due to their low accuracy compared to bullish pennants. if not hedged, bearish pennants can hurt positions badly.
Aaron Invests (AI) piyush : Exactly is really hard to trade. Nasdaq is influenced by $NVIDIA (NVDA.US)$ and $Tesla (TSLA.US)$ showing the same sign.
Aaron Invests (AI) piyush : Disclosure. I dislike to short Tesla I find Tesla is really good at bear hunting.