TESLA MONTHLY FORECAST
TESLA seems to hit important resistance at the 300 usd zone.
The 2020 RUN is a perfect 1,2,3,4,5 elliot wave impulse, for that reason is that now we are facing a possible ABC correction at the fib's zone here defined using all the 2020 bullrun impulse.
Wave A= face 0,382 @ 105 usd
Wave B (retesting bull wave)= 300 usd
Still in play correction to:
Wave C= 0,5 @ 70 usd
or
Wave C (plain A=C) = repeting 0,382 @ 105 usd
I dont think 0,618 its gonna happend for the moment ...
The 2020 RUN is a perfect 1,2,3,4,5 elliot wave impulse, for that reason is that now we are facing a possible ABC correction at the fib's zone here defined using all the 2020 bullrun impulse.
Wave A= face 0,382 @ 105 usd
Wave B (retesting bull wave)= 300 usd
Still in play correction to:
Wave C= 0,5 @ 70 usd
or
Wave C (plain A=C) = repeting 0,382 @ 105 usd
I dont think 0,618 its gonna happend for the moment ...
Trade active
Seems that the IDEA still in play so the WAVE C now is playing through ... following.Note
GO GO GO !!! Trade OPEN !
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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.