TSLA's Overvalued zone

Updated
Charts are clear that were nearing the top of this impulse wave (5 waves identified, 88 RSI value). TSLA could retrace to the 0.618 or 0.5 FIB level as this seems mega wave seems to be wave 1 for a new bull cycle or it could be a continuation of a channel that started in 2014 (in comments). Anyways time will tell.
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snapshot
eliotwaveTrend AnalysisTesla Motors (TSLA)Wave Analysis

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