M2Capital

Long Term Ending Diagonal in TSLA

NASDAQ:TSLA   Tesla
I have been tracking this for sometime now. Looking for TSLA wave 2 drop to around 170-190 before ripping higher in a wave 3 of a possible ending diagonal. My final price target from the proposed lows will be determined later on based on symmetrical relationship within the ending diagonal. This count seems probable from the most recent price action as well as confluence with the major indexes. There is a sell off imminent... Looking for the 200 mark to play the long back over the previous cluster of highs. There is also an alternate count that I am maintaining but my confidence lays here from the historical patterns of overlapping price history. Remaining neutral to short - good time for a butterfly on the options side into fib support and then long calls from there.
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