roaken

TSLA - Looks like an ABC correction to me

Long
roaken Updated   
NASDAQ:TSLA   Tesla
Looks like a very clean Elliot Wave. That being said, looking for the ABC correction before moving to new highs. I'd expect a bounce at the .5 FIB level as well, but not enough to break wave B. The .618 looks prime for a bull market bounce with aligning FIB level on major all time high support level of $492.
Comment:
This idea is 100% on track. 492 strong buy order
Comment:
Also, 632 respected, but with such strong downward movement, 492 still seems more likely within days
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.