TESLA SHORT TO $650
Following is the analysis of Tesla Inc coming in for the next few weeks/months.
1) Wave 1 started low at $70 in Dec 2019
2) Wave 2 is a symmetrical triangle that finished correcting W1 at 38.2% correction at $407
3) Wave 3 started on Sep 2020 and had a good run-up of FIB 127% from $407 to $900 ending on Jan 26, 2021
4) Wave 4 is a sharp zig-zag correction but sine Wave 2 is a longer correction, Wave 4 is a shorter and sharp correction ending around $555
5) Wave 5 went ended at 1235 last November
Now we are in a correction (A-B-C) that's going to correct the whole 5 impulse waves
I believe we are only in Wave A and this might come down to 50% or 61%, since Tesla had a huge run-up in a very quick time I expect it to correct at 61% in the next coming months so those values are $789 and $650 that needs to be closely watched.
Appreciate feedback and omments, please share
1) Wave 1 started low at $70 in Dec 2019
2) Wave 2 is a symmetrical triangle that finished correcting W1 at 38.2% correction at $407
3) Wave 3 started on Sep 2020 and had a good run-up of FIB 127% from $407 to $900 ending on Jan 26, 2021
4) Wave 4 is a sharp zig-zag correction but sine Wave 2 is a longer correction, Wave 4 is a shorter and sharp correction ending around $555
5) Wave 5 went ended at 1235 last November
Now we are in a correction (A-B-C) that's going to correct the whole 5 impulse waves
I believe we are only in Wave A and this might come down to 50% or 61%, since Tesla had a huge run-up in a very quick time I expect it to correct at 61% in the next coming months so those values are $789 and $650 that needs to be closely watched.
Appreciate feedback and omments, please share
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.