If TSLA makes an lower high locally, i expect an impuslive move down to 0.382 Fib (100 dollar)
This will complete wave 4 and make an double bottom to target 1000 dollar in alignment with target of wave 5
If TSLA makes an slightly higher high (wave5 instead of ABC-correction), the move from te 100 dollar low could be the first impulsive move up but will come significant lower also at minimum 0.382 Fib to complete wave 2 instead of impulsive move C to the downside
This will complete wave 4 and make an double bottom to target 1000 dollar in alignment with target of wave 5
If TSLA makes an slightly higher high (wave5 instead of ABC-correction), the move from te 100 dollar low could be the first impulsive move up but will come significant lower also at minimum 0.382 Fib to complete wave 2 instead of impulsive move C to the downside
Note
After the 5th wave will be complete, there is a higher count that does need to complete another wave 4 and 5Note
Tesla could even make an lower low if its in an complex correction
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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.