TeslaShort
TSLA Loosing Some of Its Electric Shock
TSLA has a really nice downtrend developing that is adhering to the Elliott Wave patterns. This week's low reached the 1.618 extension of the previous down move. This week's low might be the end of a 3rd wave (or the end of a C wave as an alternate).
I'm leaning towards the 3rd wave ending, followed but a sideways triangle as a 4th wave. Then, the 5th wave lower carries TSLA down to $181 (ouch!).
I'm leaning towards the 3rd wave ending, followed but a sideways triangle as a 4th wave. Then, the 5th wave lower carries TSLA down to $181 (ouch!).
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Are you ready to learn Elliott Wave? Take our Free Elliott Wave Readiness Assessment: bit.ly/EWreadinessquiz2
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
seethewaves.com - A school to learn how to read charts & Elliott Wave Theory.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.