TSLA Analysis pt.1
Elliot Wave analysis of TSLA stock pt.1, this chart is based solely on technicals and not fundamentals (Besides me noting that Elon is getting euphoric)
It seems we might be in a Expanding flat correction, where B wave goes above A wave by 1.236 - 1.382%, the substructure for this is a bit hard to count since it stopped at 1.618x of the preceding impulse wave, however this can either be a zig-zag to the upside (5-3-5) or a (2) of 3 (5-3-5). We are at a decision point on the monthly so price action should show us the right direction fairly soon, if we fail to break and close above the 1.382% this scenario is more likely; especially if we start to make New Structure Lows and Lower Highs. You can start counting along if you are familiar in EWT - This would be a 5 wave descent (3-3-5). Our target zone would be somewhere in the area of $150.
Entry: $340-$390
S/L: $420
T/P: $150
It seems we might be in a Expanding flat correction, where B wave goes above A wave by 1.236 - 1.382%, the substructure for this is a bit hard to count since it stopped at 1.618x of the preceding impulse wave, however this can either be a zig-zag to the upside (5-3-5) or a (2) of 3 (5-3-5). We are at a decision point on the monthly so price action should show us the right direction fairly soon, if we fail to break and close above the 1.382% this scenario is more likely; especially if we start to make New Structure Lows and Lower Highs. You can start counting along if you are familiar in EWT - This would be a 5 wave descent (3-3-5). Our target zone would be somewhere in the area of $150.
Entry: $340-$390
S/L: $420
T/P: $150
노트
pt.2: 
액티브 트레이드
액티브 트레이드
Still targeting $150.
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면책사항
이 정보와 게시물은 TradingView에서 제공하거나 보증하는 금융, 투자, 거래 또는 기타 유형의 조언이나 권고 사항을 의미하거나 구성하지 않습니다. 자세한 내용은 이용 약관을 참고하세요.