Tesla upside movement so far is a corrective structure ABC. Further upside is possible even if its a corrective structure. For now, a retrace can soon start to Green box. The retrace will also fill gaps.
Trade active
Wave 4 in progress. The ideal target for wave 4 is around 254. But can bounce from 257 as well. Also note the marked area in blue also looks like leading diagonal which can also directly trigger downside.
Note
Bearish Scenario: There are possibilities of bearish scenario which is listed below. A bounce from the green box will be a bullish case. Note
Bearish and Bullish scenarios are depicted using red and green arrows respectively. The levels provided by red and green arrows are not accurate and will be updated as the structure further develops. For now, I am expecting a ABC structure to the green Box.
Note
**Disclaimer** : All details shared here is for educational purpose only. Please do your own research and consider appropriate risk management before making short term or long-term investment decisions.Approach Market always with probabilities and make sure risk management in place.
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Trade closed: target reached
Closed the swing trade for now at the end of wave A as the first target reached. Wave A can still stretch to 310 - 300 range but not necessary. 
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.