I just looked TESLA stock and two things popped up straight in my face
1. On the Weekly chart I see a Converging Triangle (A wedge if you like, a converging channel if you like)
2. A setup 1 formation which means, I see a Wave 3 and Wave 4 and possible Wave 5 on the horizon.
If I were to invest in tesla it won't be on the Daily chart . this time it will be on the weekly chart. I can see that the Gods of Trading Chaos are pointing their fingers at 1K in the next 6 months to a year.
Come on! lets find out...
I have for you Triangle Formation and Wave Projection whichever you choose is up to you