meszaros

TSLA before 20% rise...

Long
NASDAQ:TSLA   TESLA INC
The exchange rate moves symmetrically to the green wave axis. As a continuation of this movement, it is possible to build a 20% correction increase. The wave structure may be similar to wave A. Reverse as shown. These inverse wave motions are frequent on the wave axis. Here it is very important that the correct identification of the wave axis. The rising wave target price is 309 usd.
Comment: According to the TSLA analysis, the exchange rate on the AB section creates a decrease of 8%. This is happening right now.

Comments

I'm doubtful about price retracing up to 300 - 310 range.
The most recent trend is powerful for the south on the daily. ATR resistance would be expected to kick in hard around 290. TSLA would have to do a whole lotta work against that daily southerly trend. Horizontal support is in a precarious position. And Wall Street is likely to move south around now adding to bearish pressure. But ... but .. anything is possible. The trouble is estimating 'how probable'.
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meszaros Captain_Walker
@Captain_Walker, Thanks for the detailed comment. I agree with you. In the medium term, I look forward to another trough. At this point, I consider a 1-2 week correction more likely.
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I expect a correctional increase. This does not mean that the long-term downward trend of 215 usd target prices will change.
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What happened to $215 ? You're blowing with the wind...
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