TSLA Elliott Wave: Incoming Correction, But Long-Term Bullish

Updated

Hi Folks, here is a basic Elliott wave of Tesla's rise over the last five years. This is a nice, healthy, and evenly distributed 1-3-5 pattern, and we are currently in the ABC (or ABCDE) corrective wave. Basic structure resistance in the low 200's could be a great buy opportunity for your long-term portfolio to hold and appreciate over the next several years, but watch out for the continuation of the corrective wave over the next 6 months. For all the Musk haters, and people who say TSLA is going the way of the Dodo, that's just foolish. Musk always finds a way to get the job done and surprise critics and doubters. Institutional resistance to change in the traditional automotive market is predictably persistent. It takes decades for technological change to take root and overthrow an entire industry, there are countless historical examples of this, but just remember that 100 years ago or less, petroluem-fueled automobiles were NEW and available only to high society, UNTIL FORD came along and revolutionized mass-production. Still, it took several DECADES for the two-car household to emerge. Are there corollaries in the 20th century that can be applied to the future of this century? Hmmmm.. food for thought.

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not bad eh folks, nothing crazy yet. just pot-smoking with joe rogan. The market is what the market does. Catch ya later my friends.

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Looks to be bottoming at the moment, hitting big fat support, this is the time to go long for a few years, BUT ONLY IF YOU BELIEVEEEE! *INHALES THE MUSKINESS* AHHHH ..

With Model S Prices coming way down, they will be competing DIRECTLY with major luxury manufacturers, AND the affordable version of the Tesla-for-the-masses, if it catches on, could also be a big boost to stock prices. Looks like a great time to buy a BIG DIP, and watch stock prices accelerate over the next few years (like a P85D).

In summary, wave 5 extension is still valid. Keep Hunting!

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C'MON Y'ALL. LOOK AT THIS. JUST LOOK AT IT.

It's Beautiful.

I am not a genius. I am not special. I am not always right. I don't read SEC filings. C'MON Y'ALL.

If you took this trade and waited, you could have made a f***ing fortune.

DO the Research, DO the READING, learn the Strategies, and execute them FAITHFULLY, and you WILL. WIN.

Trade closed manually

Trade closed in HEAVY PROFITS approaching 200% or so. I'm too lazy to figure out how much money y'all made. Just take the money.

Piptocurrency

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