Why TESLA is STILL HEADING LOWER

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Why TESLA is STILL HEADING LOWER

Yuheng4277
2023-05-29

Hi Traders, Investors and Speculators of Charts /

A quick analysis today on Tesla and why

I'm still expecting the price of TSLA to head lower.

After a nasty Head and Shoulders Pattern on the monthly, TSLA has reached a selling climax and an automatic rally afterwards (which always follows a SC).

However, if we look at the Wyckoff Method schematics, this is not yet the bottom. The bottom is expected to happen during phase B, which is the phase we're about to head into.

ST will always be LOWER than SC, therefore there will be another chance to accumulate TESLA at a lower entry.

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.

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Peterwan
·2023-06-01
Although Tesla's stock price has decreased, it indicates there may be a buying opportunity.
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wyin08
·2023-05-29
kk
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nick220
·2023-05-29
[Miser]
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boonk
·2023-05-29
c
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- wyin08:
  yyy
  2023-05-29
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Lamborghini1
·2023-05-29
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