40% Crash at TESLA ?

2021년 4월 10일

Hello dear readers,

I already made it clear in my last analysis that I see Tesla short in the medium term.
Now that further candles have formed on the chart, the situation can be assessed more accurately.

Chart-technical assessment

- Tesla currently appears to be in a correction.
- Only wave A has been formed so far, so there is a certain expectation that another wave (C) of the correction is coming.
- At the moment, the last sell-off is being consolidated in a pennant. A break of the lower trend lines should generate renewed momentum towards the south.
- As a classic trend continuation formation, an ABCDE formation is formed in a pennant. Two more waves can be expected within the pennant.

Options

- If the pennant is broken to the upside, the short scenario is in acute danger.
- If the golden pennant breaks around 770 points, the scenario is obsolete.
- The price target of a breakout on the downside is the zone around 400 points.

Best wishes & success!

Max

2021년 4월 13일

노트

The breakout occurred on the upside. Now we have to wait and see. If the price turns at the GP, there is a chance of a trend reversal that would lead to a trade if the lower trend lines are broken.

If the GP with the D-close the idea is obsolete.

Many greetings