$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
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
Comment:
Target 2 has been Reached still no sign of Trend Change
Trade closed: target reached:
All 3 Targets MET
Hope you enjoyed this Crazy Crash in TESLA.
Cheers if you did!
Hope you enjoyed this Crazy Crash in TESLA.
Cheers if you did!