The TSLA chart indicates some significant movements with the...

The TSLA chart indicates some significant movements with the Exponential Moving Averages (EMA) highlighting potential upcoming trends:
EMA 8 (Yellow): Currently tracking close to the price, suggesting recent volatility and potential for short-term reversals.
EMA 20 (Blue): A bit smoother but still reflecting the recent downward trend. This could indicate continued pressure on the stock price in the short term unless there's a strong reversal.
EMA 50 (White): A more stable trend, showing that while there's been a downturn, it hasn't been overly dramatic.
EMA 200 (Purple): The long-term trend remains below the price, indicating that TSLA might still be in a bullish market phase overall, but the current price hovering around this level suggests a critical decision point.
Anticipated Next Move:
We are at a potential crossroads. If the price continues to stay below the EMA 50, we might see a further decline towards the EMA 200 level, around the $210 mark. However, if the price can reclaim the EMA 8 and 20 levels, there could be a potential bounce back towards previous highs.
The next few trading days will be crucial in determining whether TSLA will rebound or if it will test lower support levels.
What are your thoughts?
Will TSLA recover, or are we looking at a further dip? Share your insights!