Overview: let's review the update of previous week:
Update: wave (IV) of C completed as a zigzag as expected, but it fell short of of expected target (actual peak was 237.4). Looking into the hourly chart, we are in wave 2 of c of (V) of C of (Y). This can complete the whole correction on TSLA or it can lead to a wave (X) and another zigzag next year. For now, we know that this wave (Y) bottom leads to a sizeable bounce.
- We are developing wave (IV) of C as a zigzag: we are in wave c of (IV) at the moment.
- Potential targets for wave (IV) peak? 246.3-250
Update: wave (IV) of C completed as a zigzag as expected, but it fell short of of expected target (actual peak was 237.4). Looking into the hourly chart, we are in wave 2 of c of (V) of C of (Y). This can complete the whole correction on TSLA or it can lead to a wave (X) and another zigzag next year. For now, we know that this wave (Y) bottom leads to a sizeable bounce.
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Related publications
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.