TSLA has been in a corrective pattern since ATHs. Its been a choppy trade but the consolidation is coming to an end, forming a very nice triangle. We're ultimately looking for a break above the 456 level but early this week will be an entry opportunity that ends a minor Wave 2, beginning a Wave 3 to the break-out level.
Trade active:
Currently in January bull spreads for TSLA, we're still in the buy zone. I'm not happy about earnings failing to be a catalyst for a move up but still believe this has legs to the upside.
Comment:
TSLA still in a corrective triangle.
