TSLA Heading Down. Wolfe Wave completed. Target 660 around Wed
Updated
Wolfe Wave analysis of TSLA shows point 5 peak reached with volume surge along with 0.786 retracement. Initial target is 660 for this coming Wednesday. Earnings are estimated at +/- 10%, but historically come in at an average of +/- 7.5 %. Which if TESLA falls per WW analysis puts us very likely at 660
Comment
Now if our 660 target is hit Thur/Friday, I'd expect the stock to bounce up at some time to close the gap at 691 before heading down again towards ~ 539. We are presently in a bearish wedge. I am selling strangles out in June/July of less than 0.1 delta with a rich premium since earnings. If TSLA bounces up to close the gap at 730 from today, I'd sell 800 calls or the 780/800 call spread for June or JulyComment
Continues to drop. Expect large sell-off Thur/FridayComment
TSLA reversed exactly when predicted and only 9 points off of predicted low of 660Trade closed: target reached
Next target for reversal is to close gap at ~ 735
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