Tesla ($TSLA) Elliott Wave Analysis – Expanded Flat to $70

11 Şub

Expanded Flat Pattern

Wave A (2022 Crash)
• Tesla dropped from ~$415 to ~$100, forming a three-wave (ABC) decline.
• This marked the first phase of the Expanded Flat.
Wave B (2023-2024 Rally)
• Tesla rebounded strongly to ~$360-$400, retracing about 61.8% of Wave A.
• Then overshoot beyond Wave A’s starting level confirms an Expanded Flat structure.
Wave C (2024-2026 Expected) – $70 Target
• Now unfolding as a five-wave impulse down.
• Target zone: Primary $70 (0.618 Fib retracement)

Short-Term Bearish Outlook – Wave C Down to $70
• Tesla is in Wave C, meaning more downside is ahead.
• Breaking below $150 will confirm a deep drop to $70
• The final phase of selling will likely coincide with macro weakness (recession etc.).

Long-Term Bullish Setup
• Once Wave C completes at $70, Tesla should start a new impulse wave.
• Target for next bull run: $800+.
• Best strategy: Accumulate Tesla below $100 for long-term gains.

6 Mar

Not

Intermediate HWB (Half-Way-Back) hit

10 Mar

Not

Intermediate GZ (Golden Zone) hit