Examining Tesla's recent performance after the completion of the ABC corrective movement on January 23, reveals a fascinating market scenario. The stock seems to have embraced a 'leading diagonal' pattern, with the fifth and final wave still pending to complete the bullish structure. Adherence to typical parameters of this pattern, such as the extended First wave and the overlap between waves 1 and 4.
There is a plausible hypothesis suggesting a price extension towards the $314.60 area, where liquidity resides with the 'equal highs.' This could outline the potential target for the conclusion of the Fifth wave.
There is a plausible hypothesis suggesting a price extension towards the $314.60 area, where liquidity resides with the 'equal highs.' This could outline the potential target for the conclusion of the Fifth wave.