To The Moon

TESLA Provided The Short-Term Selling Opportunity At The Blue Box AreaJanuary 4, 2023ByHassan Sheikh In this technical blog, we will look at the past performance of the 1-hour Elliott Wave Charts of the Tesla ticker symbol: TSLA. In which, the decline from the 01 December 2022 high unfolded as an impulse sequence and showed a lower low sequence within the bigger cycle from November 2021 peak. Therefore, we knew that the structure of Tesla is incomplete to the downside & should see more weakness. So, we advised members to sell the bounces in 3, 7, or 11 swings at the blue box areas. We will explain the structure & forecast below: Tesla 1-Hour Elliott Wave Chart Tesla 1-Hour Elliott Wave Chart Here’s the 1-hour Elliott wave Chart from the 12/30/2022 update. In which, the decline to $104.22 low ended wave ((iii)) & made a bounce in wave ((iv)). The internals of that bounce unfolded as an Elliott wave flat correction. And managed to reach the blue box area towards $120.27- $127.75 blue box area from where sellers were expected to appear looking for more downside or for a 3 wave reaction lower at least. Tesla Latest 1-Hour Elliott Wave Chart Tesla Latest 1-Hour Elliott Wave Chart This is the Latest 1-hour view from the 1/04/2023 Midday update. In which the stock is showing a reaction lower taking place from the blue box area allowing shorts to get into a risk-free position shortly after taking the position. However, a break below the 12/28/2022 low would still be needed to confirm the next extension lower & avoid a double correction higher. Now, as far as bounces fail below $124.56 high Tesla should see some more downside towards $99.24- $91.44 area lower minimum before a bounce happens. If you are looking for real-time analysis in Tesla along with the other stocks & ETFs then join us with a 14-Day Trial for the latest updates & price action. Success in trading requires proper risk and money management as well as an understanding of Elliott Wave theory, cycle analysis, and correlation. We have developed a very good trading strategy that defines the entry. Stop loss and take profit levels with high accuracy and allow you to take a risk-free position, shortly after taking it by protecting your wallet. If you want to learn all about it and become a professional trader. Then join our service by taking a Trial. Source:https://elliottwave-forecast.com/stock-market/tesla-provided-selling-opportunity-blue-box/