Tesla Bulls rest after 50% profit

Updated

Tesla's price jumped 50% over two months. I think it's time for bulls taking a rest.

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Currently it's trading in $280-288 range. No divergence yet.

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Anyone is lucky enough could have made 3 arounds $6 each in the first half of the day.

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Broke support at $280. Next target is $275.

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RSI shows a sign of reversal. Might bounce at $270. Good for an entry if I see $270 IMO.

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Tesla is supper bullish in 5 min chart. It will likely hit 2.618 which is $280 tomorrow.

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Or come to support $274

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alternative

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So Tesla is missing a 5th wave to complete the C wave targeting $258. Need to have a divergence from 3rd to 5th wave for reversal confirmation.

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So wave 4 of the C wave is running a flat. Wave 5 is coming.

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Invalid. I think bottom was in at $265. This will be no longer updated from here.

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