Tesla
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Apr 25: One more low to come

398
TSLA is not out of the woods yet. The weekly chart shows that the RSI of the Jan 2023 low needs to be taken out with one more low to complete the large WXY structure... at least down to the 110 (?) area.

The strong bounce over the past couple of days is a relief bounce to correct the Dec 2023 down cycle. The bounce may reach 0.5 retracement of that cycle, which coincides with the "right shoulder" (?)

Short-term bullish, but medium-term still bearish.
Not
Apr 26: If price breaks above the yellow declining line and closes above, I will call that TSLA has indeed bottomed with a truncated wave.
Not
Correction of my last comment: I meant above the BLUE declining line in the Daily chart, not yellow.

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.