Many label pink 1-2 as a 5 wave down, then currently we are finishing C of wave B and due for a 400-500 down movement to finish C. I do not think so. I think TSLA is much much more stronger and there is a 3 of 3 of 3 structure instead of a 1 -2 -3 -4-5 and a wave ABC correction. No one really knows the future! However, I am really bullish and expect TSLA...
There are different alternative counts, I choose to use the simplest count.