TSLA Elliott Wave Estimation

//version=5
indicator("TSLA Elliott Wave Estimation", overlay=true)

// === PRICE SWINGS LOGIC (simplified manual labeling structure) ===
// Manually approximate major pivot points (this should ideally be semi-automated or confirmed with fractal/zigzag logic)

wave1_top = label.new(x=bar_index[100], y=450, text="(1)", style=label.style_label_up, color=color.green, textcolor=color.white)
wave2_bottom = label.new(x=bar_index[90], y=290, text="(2)", style=label.style_label_down, color=color.red, textcolor=color.white)
wave3_top = label.new(x=bar_index[60], y=550, text="(3)", style=label.style_label_up, color=color.green, textcolor=color.white)
wave4_bottom = label.new(x=bar_index[45], y=310, text="(4)", style=label.style_label_down, color=color.red, textcolor=color.white)

// Forecasted wave 5 zone
wave5_target_top = line.new(x1=bar_index, y1=420, x2=bar_index + 20, y2=450, extend=extend.right, color=color.yellow, width=2, style=line.style_dashed)
label.new(x=bar_index + 20, y=450, text="Potential (5)", style=label.style_label_up, color=color.orange, textcolor=color.black)

// Optional: Visual zone for retracement support
support_box = box.new(left=bar_index - 15, top=330, right=bar_index + 5, bottom=290, border_color=color.gray, bgcolor=color.new(color.gray, 85))