It is a signal that bullish lengthy positions are most probably getting crowded, and a slight worth pullback may see over leveraged bulls capitulate, last their longs and inadvertently exacerbating problem pressures out there. Leverage washouts had been a commonplace phenomenon in earlier bull markets, continuously resulting in a unexpected double-digit share worth drops.
:max_bytes(150000):strip_icc()/TSLAChart-d38c73adfc1948d7a7a6508f684bdc81.gif "Tesla Inventory Value Ranges to Watch After Publish-Election Surge, Musk’s DOGE Appointment")
