TESLA Short, Head & Shoulder TOP!

15 de out. de 2022

TSLA aka Elon Musk's Tesla

CMP= $204.99

Attached: Weekly Price Chart as of 14th October, 2022

- Price has triggered a Head & Shoulder TOP Pattern Breakdown
- Tesla still has a PE of 74 which is Overvalued and Expensive compared to Peers and Unsustainable in a FED Tightening Environment

Elliot Wave Counts say that a Larger Degree 5 Wave Impulse in Wave 1 has completed from its 2019 Low and Now Price is in Larger Wave 2 down. The normal target for Wave 2 is considered as the 4th wave of lower degree. And in this case it comes to around $130 to $110 as the Target requirement

So Price can Half from here literally.
SUPER BEARISH, Perfect Short🐻🩸

Downside Targets🎯 are open to in order:
T1= 180
T2= 135
T3= 110

Ultimately Tesla may find Support at the $100 round figure mark but will it be the final bottom or just another bear market rally from there will be seen that time

24 de dez. de 2022

Nota

Target 2 has been Reached still no sign of Trend Change

29 de dez. de 2022

Trade fechado: objetivo atingido

All 3 Targets MET

Hope you enjoyed this Crazy Crash in TESLA.
Cheers if you did!