TSLA further 22% decrease...

NASDAQ:TSLA   Tesla, Inc
TSLA further 22% decrease. The decline in the exchange rate has not yet been completed. Technically, it builds a sideways track. Its lower level is 206 usd. In this sideways movement, the stock exchange can spend several months. If the motion analysis is correct, then it can also be seen that from the 206 usd correction level, the exchange may start with a nearly 110% rise targeting 431 usd.


What a Nice Analysis, pretty much same conclusion of what I think the Chart is doing. Its defenetly likely that the next sharp leg down could be the bottom of this consolidation. I found out that one cycle of a "Bear Market" lasts about 830 Days. until we hit the final bottom. I also don't think 250 won't be the bottom. Likely target is around 205-220. After that Tesla has Huge potential again. Fundamentally I also like the company there will be nice cars in future all in all they are doing great. Appreciate your Analysis! Cheers!
meszaros Yankyy
@Yankyy, Thank you very much for your comment. As for your analysis, I really like it. I agree with you. I also like TESLA. He has great potential. Elon Musk is a genius. The observation of the 826 day cycle is also brilliant. You can build a winning strategy for this. If we believe in wave theories and believe in fractals, then we have to believe in the cyclical changes of periods. Thank you again and your analysis is very good.
+1 Reply
This looks like wishful thinking to me...I will hedge accordingly just in case you are right, though :)
UnknownUnicorn737135 UnknownUnicorn737135
@bzmc, Covered my short position today. Thank you! Scaling in long now...
meszaros UnknownUnicorn737135
@bzmc, Yes it is a good idea now. There is a greater amount of correctional upward movement. Assuming that the wave axis of the past weeks will remain valid.
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