TESLA IN A CORRECTION - ELLIOTT WAVE ANALYSIS
Hi Elliotticians, Tesla made a sharp drop from the 1153 high, which is an indication that impulsive wave 3 is completed (it found a high at the Fib. projection target of 2.0), and that a correction as wave 4 is underway. Support for the correction can be at the former swing low at 985.2 level, also area where Fib. ratios of 0.382 and 50.0 are located and can react as support.
An impulsive advance higher would be a suggestion that a correction in 4 is completed, and wave 5 underway, towards new highs.
Trade well.
An impulsive advance higher would be a suggestion that a correction in 4 is completed, and wave 5 underway, towards new highs.
Trade well.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.