TSLA Forecast

This is a precise forecast for TSLA, so mark this one down as this is exactly how the stock will perform over the next year. Lines and connections have been averaged through step-line over log in order to include early (very flat) but important performance from 2010.

– The stock's volatile performance from 2013 till 2016 has fully contributed to today's failing multiple tops

– The fail is already in the active reversal process. To calculate the reversal range, measure the distance from the first top to it's prior valley, and mirror the same distance from line X's reversal exit point (pink lines). this will give you an approximate bottom range (+/-10% accuracy).

– Stock trades below all major averages

– Stock is far away from the last PSAR series (very bearish)

– Lines S1 and S2 are paralleled & averaged support lines reaching all the way back to 2010 and are extremely reliable, a touch down along those lines is highly likely

– There are countless failed daily and weekly formations throughout years of this stock's performance, in fact there are only very few completed formations

– Projected touch-down is area 'A' with extended leeway to area 'B' (depending on the market sentiment)

– By arriving at these areas, TSLA is actually completing another major failed formation which could send the stock even lower, but we'll address this once we get there

– The stock is currently inside a triangle (marked 'T'). The triangle will fail at or before the intersection with S1. I've added a downward triangle to indicate an imminent drop to the 'current bottom' (red), not this month but next.

It's a bummer, I actually like the company. I'm surprised to see so many charts out there labeling it 'long'. This is a safe short until at least 127 by end of next year.