TSLA has a really nice downtrend developing that is adhering to the Elliott Wave patterns. This week's low reached the 1.618 extension of the previous down move. This week's low might be the end of a 3rd wave (or the end of a C wave as an alternate).
I'm leaning towards the 3rd wave ending, followed but a sideways triangle as a 4th wave. Then, the 5th wave lower carries TSLA down to $181 (ouch!).
I'm leaning towards the 3rd wave ending, followed but a sideways triangle as a 4th wave. Then, the 5th wave lower carries TSLA down to $181 (ouch!).
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