TSLA rejection off 61.8 retracement level

TSLA rejected off 61.8 retracment level going into the close, partly also because of overall market falling. Could also signify the end of the B wave, and now heading down to complete C wave retracement. Most technical indicators looking super weak for TSLA, MACD is in decline, and RSI is also giving in. In order to confirm descending C wave, need to see a break of macro trend line (drawn in blue), a break and hold below that line will confirm downwards direction. Copyright Rohan Karunaratne 2020.