TSLA correction done? one more leg down? either way a dip soon?
See previous analysis that caught the first bounce. (click)
And then the FED happened, causing a second correction.
If the market does not crash, then Tesla should fly again.
ABCDE correction may be done, or maybe one more small leg.
RED pathway assumes one more leg (wave 5 of E) for correction.
GREEN path guesses correction done but a dip for wave 2 to come.
Either way, the odds are that we have a dip to come.
Currently in a tight range with well defined boundaries.
Break above will be more telling than below (expected).
$ 948.41 - 962.57 is the immediate resistance.
$ 890.52 - 897.34 is the immediate support.
$ 768.63 - 778.31 is the MUST HOLD support.
The green path is just a guess for illustration.
If bounce develops, I will post new targets above.
If we get a lower low, the support target is solid.
.
And then the FED happened, causing a second correction.
If the market does not crash, then Tesla should fly again.
ABCDE correction may be done, or maybe one more small leg.
RED pathway assumes one more leg (wave 5 of E) for correction.
GREEN path guesses correction done but a dip for wave 2 to come.
Either way, the odds are that we have a dip to come.
Currently in a tight range with well defined boundaries.
Break above will be more telling than below (expected).
$ 948.41 - 962.57 is the immediate resistance.
$ 890.52 - 897.34 is the immediate support.
$ 768.63 - 778.31 is the MUST HOLD support.
The green path is just a guess for illustration.
If bounce develops, I will post new targets above.
If we get a lower low, the support target is solid.
.
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