TSLA Might Still Have Some Legs

Dec 19, 2024

Although I do believe telsa is quite overvalued at the moment, I do believe she may have some legs to run here going into January before a larger correction.

Looking to flip the previous ATH into support here before a final pump which may be the short opportunity for Tesla.

Lets see how it plays out

Dec 30, 2024

Trade active

Taking the long trade from off the prev ATH.

Dec 30, 2024

Note

paying attention to this downward trendline

Dec 31, 2024

Note

Potentially bat harmonic, would be considered bullish on the drop, reclaim of the prev ATH would be a great sign of strength.

Jan 2

Trade closed: stop reached

stopped out on the drop , will be looking towards 365 as my next level

Jan 3

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Looking to take a new long trade on a reclaim of this downtrend. Will be watching a potential gap up on monday for this scenario with the potential harmonic playing out

Jan 9

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No reclaim of the level, and looking for further support.

I have realized we may be in a potential impulse wave here to the downside, as elliot waves are currently being respected with the wave 2 pivot at the 0.618.

Using the trend based fib extension, it is suggesting that we may revisit the weekly level at $352, in line with the 1-1 extension and a sweep of the previous low, into the weekly, before recovering higher.

Jan 9

Note

Also keeping an eye on something like this

Jan 16

Note

Nice

Jan 17

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Lets see the resistance above us in the coming days

Feb 14

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Tesla after a big drop starting to show signs of potential recovery. Watching this S/R zone