TSLA has been in a sideways market as we can see in the daily chart. However, price action in January into February is shifting the sideways mode to a bearish mode. TSLA Daily Chart 2/5 (click to enlarge) The break below 177 essentially completed a large price top. This opens up the 120 handle, if not the 115-116 support/resistance pivot. If price does pull back during this slide back to 200, it would probably be a good idea to short again. I should note that there is a small bounce from 170 at the moment. If this rally manages to crawl back above 200, then, the bearish outlook should be shelved and we should consider a possible false break, which can translate to strength.