Tesla in the last wave of a Zigzag
Updated
TSLA is in wave [iii] of its last correction wave.
Assuming wave [iv] will retrace 38.2% of wave [iii], wave [v] (= wave ) will end at 214.36$, which is roughly equal to the projection of wave C (= 123.6% of wave A).
However, fundamentally, the Q3 results which will be published on October 18 after market close will have to be in line or below the expectations to validate this pattern.
Assuming wave [iv] will retrace 38.2% of wave [iii], wave [v] (= wave ) will end at 214.36$, which is roughly equal to the projection of wave C (= 123.6% of wave A).
However, fundamentally, the Q3 results which will be published on October 18 after market close will have to be in line or below the expectations to validate this pattern.
Comment
I just now noticed that the number of some waves wasn't visible in my description for some reason. Here is my description with the wave numbers: TSLA is in wave iii of its last correction wave.
Assuming wave iv will retrace 38.2% of wave iii, wave v (= wave i) will end at 214.36$, which is roughly equal to the projection of wave C (= 123.6% of wave A).
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