TESLA is beginning the last move of its impulse rally since 2019. Given we just finished a triangle for wave 4, this is likely the 5th wave. 5th waves are conservatively either 1:1 or 0.618:1 ratio with wave 1. This puts TESLA to target at least 1764 if 0.618:1 ratio, and 3365 is 1:1. These are rough conservative targets and price action could definitely extend beyond though it is unlikely.
Comentário:
Ive updated the elliott wave count. I no longer believe wave 4 is a triangle -- rather a zigzag A-B-C pattern 1:0.618 ratio. Ive labeled my new count of the current impulse wave starting in May. TESLA is incredibly bullish.
