Still in the weekly downtrend channel
$Tesla (TSLA.US)$ be careful… be patient… the trend is not yet reversed sigh…
weekly chart (updated the trend/support lines)
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SupaNoob : Seems $200 is the most critical pivot towards an uptrend, not $180.
Maniac Fool OP SupaNoob : That 50% retracement level? Maybe
Maniac Fool OP Muhammad Thomas : Greetings
Maniac Fool OP SupaNoob : After updating the weekly chart, I saw a pivot line of $187 instead
Kevin Matte Maniac Fool OP : My friend, I think you don't quite understand the fibonnaci retracement. In an uptrend, 0% is the lowest level and 100% is the highest level. In a downtrend, it's the opposite! You start by placing your 0% at the top, and your 100% at the bottom, like in my image!
Maniac Fool OP Kevin Matte : The levels are just my reference for possible entries or exits
which I added a while back. Now I am using more of the Bollinger channel for reference. 
but thanks for the clarification mate 
this beta is going both ways as the symmetric triangle. No one will know when the breakout or breakdown will be confirmed till it happens
Maniac Fool OP Kevin Matte : One thing why I place the levels like this is because I wanna see the reference levels easily labeled on the right side of the screen
Maniac Fool OP Kevin Matte : One thing I am seeing is an ongoing formation of a reverse head and shoulders on the zoomed out weekly chart together with the symmetrical triangle formation.
Kevin Matte : OK thats nice ! good luck ^^