Nothing to Be Afraif Of!- Tesla has historically traded at high valuation multiples—and still does. But since its investor base is driven by excitement for the future and a love for innovation, it's unclear how much those valuation metrics really matter.
- After the first higher low structure following a corrective price wave, Tesla surged as much as 227.60%, before facing selling pressure. We're now tracking the second impulsive wave's retracement, particularly the 61.8% and 78.6% Fibonacci levels.
- Trying to catch the bottom at these levels is pointless. It's better to wait for 2–3 green Heikin Ashi candles and confirmation that these levels are holding.
- Current positions can be held. If you want to sell, go ahead—but remember this: No one has stayed optimistic about Tesla for more than two months. So, there's no need to panic.
