Hello friends
In the Tesla share, as I checked in the previous analysis, I expected the share to grow up to the ceiling of the channel.
As you can see, the price has reached the ceiling of the channel with a small 5 wave.
These 5 micro-waves could be wave 1 of 5, so we expect a relatively small correction to around $225.
After this correction, if our theory is correct, the price should reach the ceiling of the channel with the increase in trading volume and cross it with strength and climb to the broken ceiling with a pullback until the price is around $290.
The condition for our theory to be correct is to pass through the roof of the channel.
Be successful and profitable.
In the Tesla share, as I checked in the previous analysis, I expected the share to grow up to the ceiling of the channel.
As you can see, the price has reached the ceiling of the channel with a small 5 wave.
These 5 micro-waves could be wave 1 of 5, so we expect a relatively small correction to around $225.
After this correction, if our theory is correct, the price should reach the ceiling of the channel with the increase in trading volume and cross it with strength and climb to the broken ceiling with a pullback until the price is around $290.
The condition for our theory to be correct is to pass through the roof of the channel.
Be successful and profitable.