Updated

Tesla Bulls rest after 50% profit

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

Note

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

snapshot

Note

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

snapshot

Note

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

snapshot

Note

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

snapshot

Note

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

snapshot

Note

snapshot

Note

Or come to support $274

snapshot

Note

alternative

snapshot

Note

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.

Note

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

snapshot

Note

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 This will be no longer updated from here.

snapshot

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.

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.