TESLA - Upward will come to an end?
Since the beginning of its tremendous succsess story, the share price has formed since May 22 an A/B/C in red bracket down. On a daily basis within the B-wave countertrend upward it shows signs of an Ending Diagonal Triangle (EDT in blue).
Mentioned as an ABCDE in blue formation, the B part down reached a 76.4 % level of the A part up. This level is very common within an EDT. Although the inner structure of the wave looks like a three wave. Then the share price was hammered upward again.
I expect the equity price will reach a level of 317.54 US-$.
From this level a C wave down will start kicking out all stops of the investors mentioned in yellow bubbles - as you can see on the left side.
On the right side in red all gaps of the past are mentioned.
After this movement I expect that the share price goes "... to the moon..."
Mentioned as an ABCDE in blue formation, the B part down reached a 76.4 % level of the A part up. This level is very common within an EDT. Although the inner structure of the wave looks like a three wave. Then the share price was hammered upward again.
I expect the equity price will reach a level of 317.54 US-$.
From this level a C wave down will start kicking out all stops of the investors mentioned in yellow bubbles - as you can see on the left side.
On the right side in red all gaps of the past are mentioned.
After this movement I expect that the share price goes "... to the moon..."
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