Tesla is facing a 43% decline. Anyone who followed my Tesla analyzes could see that I regularly took long positions. Nevertheless, I still recommend taking the short position now. The analysis shows that the price movement of TSLA has fallen below the wave axis (orange dotted line). These days, he tested this axis back, then stood in a declining direction again...
- Clear bull market with consistent highs being created
- Recent 61.8 fib rejection as bulls begin to regain positions
- Expecting piercing of previous highs before retest followed by push to fib extension target
If my my identification of the Elliot Waves are correct, we should see a big movement to the upside very soon.
According to the cycle, the next leg up should surpass the the high of the 5th wave(900 USD).
The more conservative target would be 1000 USD whilst a more optimistic target would be between 1000 - 1200 USD.
If it plays out, there is opportunity for 60%...
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Looking to see some consolidation here for a bit of time or a break to higher highs (eventually). It could even break to lower lows potentially. Lets see what happens to the price action from here on in.
The trend on Tesla stock continues its downward trajectory, I originally drew these trend lines around 2 weeks ago and the price seems to be staying within the borders of said trend, a possible breakout is totally possible but thought I would publish and then I can see where it goes in the coming weeks, I personally think the slide will go down to as low as the...
Another Tesla call here, it looks like we may break a little higher to form a higher timeframe double top.
I am not trading this right now but my breakdown and bias remains the same regardless.
I called the previous short perfectly and now I will attempt to call the next bull move higher so let's see if it is correct.
Let's go Ninja's! :)