Seeing a lot of pots around the TSLA breakout. The rejection off the top of the ABC channel starting in July makes me think that this triangle is in play and TSLA will begin heading back down from here. Invalidation above 357.
Trade active
It looks like wave 1 finished this previous Thursday, 8/14 and then TSLA continued into an expanded flat that finished this morning. It has crossed over the wave 1 low so looking for it to continue a wave 3 down to 316-319 at least, potentially 308 before we see a real bounce. Disclaimer
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.