TSLA is showing multiple bearish divergences on the 4HR chart.
TSLA has rejected $200 area 5 times.
Wave 3 of 5 extended to the 3.61 area; I expect a healthy bullish pullback to the $150 area, but TSLA has strong support at the $170-$175 area.
TSLA could extend to the 4.61 area ($213), ignoring the bearish divergence
Happy Trading!
TSLA Wave 3 Extensions shown below:
Comentário
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TSLA found $213 resistance and is pulling back. Support areas are shaded blue below. A healthy bullish pullback is any bounce from the 38%, 50%, or 61% retracement levels
@chiefwils0n, I think we may have too... I quickly charted the measured extension and retracement pattern from break-out and currently seems right, I'm not great at Elliot Wave analysis but I posted this in the am:
Black_Sheep1
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@chiefwils0n, Do you think TSLA will hold the $179 or fill Gap @ $145 area?