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Teslas up 1.5 to start the day in this first hourly candle of Market open was absolutely crazy Tesla was all the way as down as low as 157.29 I was going to be looking to opening up a hedge position there to the downside because if we were going to break under this 5 SMA it was going to look like we were going to have this descending wedge rejection Teslas holding pretty good right now though were up 1.5 percent were holding over that 160 dollar price level which is very important and it seems like as long as we can hold this going into the next couple of hours and into the close of the day but next week we could try to get that move back up to 170 bucks so as of right now looking pretty good if we start to reject under the key level of 160 or under this 5 SMA which is basically just a trend line of price action over the past five days that will show that the trend is starting to weaken a bit on the smaller time frame at a potential short position might be in play now if we look at