Tesla’s broken ‘triangle’ warns of more stock-selling pressure EV giant’s stock approaches wide chart zone with multiple bullish support points Published: Oct. 19, 2023 at 2:58 p.m. ET ...

It’s tracing out a descending triangle chart pattern, which usually resolves in a bearish move. If 3.70 on the nearest contract breaks, one more reason to play better defense.

Despite messy moving averages, trend line and Ichimoku cloud support ought to lift the market, taking us clear of the triangle’s top edge to retest the record high at 6.987. Nicole Elliott is a ...