Great ariticle, would you like to share it?

Tesla (TSLA) Impulsive Rally Should Continue Higher

@Elliottwave_Forecast
Tesla (TSLA) Impulsive Rally Should Continue Higher September 12, 2023 By EWFHendra Short term Elliott Wave view suggests rally from August 18, 2023 low is unfolding as a 5 waves impulse. Up from August 18 low, wave 1 ended at 241.55 and pullback in wave 2 ended at 226.50. The stock then extended higher in wave 3 towards 261.18. Pullback in wave 4 ended at 242 with internal subdivision as a regular flat. Down from wave 3, wave ((a)) ended at 255.7 and rally in wave ((b)) ended at 260.65. Stock then extended lower in wave ((c)) towards 242 which completed wave 4. Tesla has turned higher in wave 5. Up from wave 4, wave ((i)) ended at 258 and dips in wave ((ii)) ended at 243.26. Internal subdivision of wave ((ii)) unfolded as a double three Elliott Wave structure. Down from wave ((i)), wave (w) ended at 245.08 and rally in wave (x) ended at 252.44. Stock then extended lower in wave (y) towards 243.26 which completed wave ((ii)). The stock has since resumed higher in wave ((iii)) towards 274.85. Expect pullback in wave ((iv)) before the stock extends higher again in wave ((v)) to end wave 5. Near term, as far as pivot at 242 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside. Tesla (TSLA) 30 Minutes Elliott Wave Chart Tesla (TSLA) Elliott Wave Chart TSLA Elliott Wave Video Source:https://elliottwave-forecast.com/news/tesla-tsla-impulsive-rally-continue-higher/
Tesla (TSLA) Impulsive Rally Should Continue Higher

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Report

Comment

  • Top
  • Latest
empty
No comments yet