Tesla at top of Range w. be bear flag now at major resistance

6 set 2021

Recent channel up forming a bear flag, now at top of current price range. Near some major horizontal resistance levels/zone going from ~740-780. The important thing to watch for is the medium term (lower) trendline that is drawn - this one is being tested multiple times recently and could break if tested again in near future. Tesla is very dangoureus to trade with lots of false moves taking place (since the top) - the 1w chart is also very bearish in itself (unless it goes and holds above ~790). There is very little market structure should a steeper fall commence. Looks for price rejection near level on a lower timeframe (eg.1d-1h) for entering a short trade - or a breakdown from consolidation.