Overview: in my last update of TSLA, published on March 18th, I had TSLA in wave 2 developing as a flat. The proposed path was that we needed a final push lower as wave (V) of c of 2 to 157.6 or 144.29.
Update: TSLA did not give us the final push lower to form a different structure for wave 2. The breakout above the hourly descending channel that we had on that count was a very good indication of violation of the proposed structure.
With this new structure, I see TSLA developing wave 2 as a double zigzag and right now, we are in the final stages of wave (a) of the second zigzag, y.
I have 149.48 as a potential target for wave 2 bottom happening in the middle of May.
Update: TSLA did not give us the final push lower to form a different structure for wave 2. The breakout above the hourly descending channel that we had on that count was a very good indication of violation of the proposed structure.
With this new structure, I see TSLA developing wave 2 as a double zigzag and right now, we are in the final stages of wave (a) of the second zigzag, y.
I have 149.48 as a potential target for wave 2 bottom happening in the middle of May.
