The market is about to undergo a short-term correction.

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The market is about to undergo a short-term correction.Tesla, Inc.BATS:TSLABatsman-EdwardTesla (TSLA) has been on a strong 1-month rally since the April 09 Low, achieved exactly on the Higher Lows trend-line that started two years ago on the April 22 2024 bottom. The 1D RSI turned overbought and is the exact same spot that the price was on May 13 2025 and July 02 2024 following their respective rebounds on the Higher Lows trend-line. On both occasions, the price rose a little more and then corrected back to their respective 0.5 Fibonacci retracement levels. Assuming the rejection takes place a little higher again, it is possible for Tesla to target that level at $395.