There is a wolfe wave setup on the 4 hour time frame with extended hours ON. The projected target is calculated by extending a linear line between pivot 1 and 4 and projecting the line. This is represented as the green perforated line, as shown in the chart. The projected target is approx 1200 by Feb 2022; however, there is a 4 hr ttm squeeze which may introduce short term momentum that may drive the share price to 1032 (21 day ma) 1047. If a short squeeze develops, then the share price of tesla may run towards 1243 on the the earnings run up.
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Discord: discord.gg/b2s56tmVgC
Free Checklist: subscribepage.io/gap_reversal_checklist
Youtube: youtube.com/@TOS_OPTION
Website: tosoption.com
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.