Great ariticle, would you like to share it?

TSLA (TESLA) Favors Further Downside

TSLA (TESLA) Favors Further Downside April 12, 2023 By EWFRaj TSLA Showing impulse Elliott Wave sequence as ((1)) higher started from 1/06/2023 low, which ended at $217.82 high on 2/16/2023. Below $217.82 high, it favors pullback in 7 or 11 swings correction in ((2)) against January low before upside resumes. It placed (W) of ((2)) at $163.91 low & (X) connector at $208 high on 3/31/2023. Below (X) high, it ended A of (Y) at $176.11 low & proposed ended B at $189.19 high. Below (X) high, it placed ((i)) at $192.20 low & ((ii)) at $198.74 high. ((ii)) was 0.382 Fibonacci retracement of first leg. It placed ((iii)) at $179.74 low & ((iv)) at $186.39 high. Finally, it ended ((v)) as A wave at $176.11 low in (Y). It proposed ended B wave $189.19 high in 3 swings bounce as 0.382 Fibonacci retracement as aggressive view. Alternatively, the bounce can be ((a)) ended at $189.19 low & favors corrective pullback in ((b)) leg followed by upside in ((c)) to finish B connector against (X) high as less aggressive view. In either the case, it favors weakness to continue in C of (Y) leg towards $154.03 – $120.61 area to finish ((2)). Below B high, it favors lower in (i) of ((i)) of C leg. It needs to breaks below A low to confirm the downside in C of (Y). TSLA 30 Minute Elliott Wave Chart TSLA Elliott Wave Video Source:
TSLA (TESLA) Favors Further Downside

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.



  • Top
  • Latest
No comments yet