Welcome to another edition of TSLA buy the rumor, sell the news event live from California from the Warner brothers studio where we are sure to see plenty of on screen magic and prototype 's galore.
The Fraudfather Elon Musk is dug into his hasty and no good bag of tricks again for the benefit of his pockets.
This time he was goaded into revealing a prototype for the "RoboTaxi" He originally didn't have a concept for until a few months ago.
The fact of the matter is we have rumors, news and technical breakouts to watch for in this stock. TSLA has a significant and parabolic rally when Mr. Musk denied the rumors of no having a RoboTaxi concept and hurried to put one together as proclaiming he would reveal it to us in August.. which never happened.
Now here we are in August where investment firms and hedge funds are going to sell the news of the event live on your portfolio overnight starting at 10pm.
TSLA has a classic and very predictable few fun facts about these technical wedges it loves to form on any time frame. If this holds true to form, we will either get an Early breakout of this wedge which is classic TSLA price action. Or we will compress for one more wave to the bottom of this wedge for a Third touchdown higher low which is also classic to TSLA price action.
Once this last bottom is in we can fully expect 2025 to be an amazing year for TSLA as the Technical breakout of a high timeframe chart concludes.
In spectacular fashion we will find ourselves at or near the price target of 600$ Concluding a very measured and long awaited move.
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.