TSLA has been in a corrective pattern since ATHs. Its been a choppy trade but the consolidation is coming to an end, forming a very nice triangle. We're ultimately looking for a break above the 456 level but early this week will be an entry opportunity that ends a minor Wave 2, beginning a Wave 3 to the break-out level.
Trade active
Currently in January bull spreads for TSLA, we're still in the buy zone. I'm not happy about earnings failing to be a catalyst for a move up but still believe this has legs to the upside.Note
TSLA still in a corrective triangle.
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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.