Overview: let's review a few key points from the last update:
Update: I believe TSLA is close to the completion of wave I of C of (Y) of B. Based on the hourly chart, I see that wave III of (c) of I is almost complete and I expect the blue channel to hold the bottom of wave I (a potential target = 279.58), initiating the pullback for wave II.
Also note the formation of the head & shoulder pattern, with a price target of ~260.
- I see wave B of (Y) completed on TSLA and now we should start moving for leg C of (Y) of B.
- The daily chart also shows a double top forming, where a decisive daily close below the support area around 856 (285 post-split) confirms this scenario.
Update: I believe TSLA is close to the completion of wave I of C of (Y) of B. Based on the hourly chart, I see that wave III of (c) of I is almost complete and I expect the blue channel to hold the bottom of wave I (a potential target = 279.58), initiating the pullback for wave II.
