TSLA Gonna Break Some Hearts

Updated

The details are self-evident on the chart ... been following this guy since the beginning. An end of an era or maybe just a slight reset until what's next reveals itself in the charts.

Fib extension of 2.272% maxed out at the top. If you're a believer, plan your next steps accordingly. And, enjoy every sandwich :)

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Appears that $300 was the 78.6% retrace and the current pattern will only be invalidated if price jumps above that current resistance line.

Next step is for price to retrace to around the $150-160 zone which will be the 61.8% retrace of the most recent price action ... expected date range is around Dec - Jan '2024. If that price range holds as support, it may be probable that TSLA moves to the 1.618% extension in the $900 range.

FUTURE: I think the electric car will be viable in the future especially as it evolves towards the flux capacitor model as shown in 'Back to the Future' movies. Enjoy.

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As expected, TSLA trended down; minus $29.51 for the week of 9/18 - 9/22.

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TSLA extending loss ... down to $212 now.

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TSLA reversing course after finding support and thus far has confirmed Head & Shoulders reversal pattern ... if confirmation continues and price begins trending up, expected target is a crazy 850/sh. DYOR NFA This is also in alignment with the IXIC bullish H&S pattern as well.

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The 61.8% zone held; expecting a price target towards the 1.618% extension to the downside IF the $160 support zone does not hold.

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Price in a sqeeze play ... need ~1-2 more months to realize if BULL or BEAR will appear.

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Electric vehicles are falling out of favor; unless the technology improves, more downside is likely.

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The downward trend continues.

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Heard from the online car expert that Tesla stainless steel truck bodies are rusting due to lack of sufficient nickel to prevent rust. See the below link ... this will not lend well for the future stock price.

wired.com/story/this-is-why-teslas-stainless-steel-cybertrucks-may-be-rusting/

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Price hit resistance at approx. $198; expecting the downward trend to continue to the 1.618 fib level.

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Price is caught under resistance and below some key long-term moving averages; am expecting price to trend down significantly in the near term. Trade safe.

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The long-term future for TSLA looking bright but will take some time.
Updated chart at:

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Price is running out of room to the upside; expecting more downside to the 1.615% extension to the $65 range.

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TSLA topped at $270 on 7/11/24 which was also the 2.272% fib extension.
Expecting more downside for awhile.

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TSLA is enduring a hit to the shin today; while BTC is holding within its consolidation range. Take time to review my BTC charts ....
Built chart in March 2023 ...

Built chart in 2021 ...

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Click on the above charts to get the current price action ...

kerdirks

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