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Tesla - Going down soon
Elliott Wave Theory suggests that Tesla's rally may soon come to an end.
This is hardly mistakable as we can see a very obvious Wave 4 Triangle (in chart).
Once Wave 5 is in - or already in, a major correction (A-B-C) ensues.
Wave 5 could very well be an Ending Diagonal, if it decides to extend further.
Ideal price to start investing in Tesla would be around the 0.5 to 0.618 Fibonacci Retracment levels [$230 - $330].
It may or may not go lower, but trying to catch the absolute bottom is not what you'd like to do.
This is hardly mistakable as we can see a very obvious Wave 4 Triangle (in chart).
Once Wave 5 is in - or already in, a major correction (A-B-C) ensues.
Wave 5 could very well be an Ending Diagonal, if it decides to extend further.
Ideal price to start investing in Tesla would be around the 0.5 to 0.618 Fibonacci Retracment levels [$230 - $330].
It may or may not go lower, but trying to catch the absolute bottom is not what you'd like to do.
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Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.