EuroMotif

TSLA correction done? one more leg down? either way a dip soon?

NASDAQ:TSLA   Tesla
See previous analysis that caught the first bounce. (click)
And then the FED happened, causing a second correction.
If the market does not crash, then Tesla should fly again.

ABCDE correction may be done, or maybe one more small leg.
RED pathway assumes one more leg (wave 5 of E) for correction.
GREEN path guesses correction done but a dip for wave 2 to come.

Either way, the odds are that we have a dip to come.
Currently in a tight range with well defined boundaries.
Break above will be more telling than below (expected).

$ 948.41 - 962.57 is the immediate resistance.
$ 890.52 - 897.34 is the immediate support.
$ 768.63 - 778.31 is the MUST HOLD support.

The green path is just a guess for illustration.
If bounce develops, I will post new targets above.
If we get a lower low, the support target is solid.

.

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag
Thông báo miễn trừ trách nhiệm

Thông tin và ấn phẩm không có nghĩa là và không cấu thành, tài chính, đầu tư, kinh doanh, hoặc các loại lời khuyên hoặc khuyến nghị khác được cung cấp hoặc xác nhận bởi TradingView. Đọc thêm trong Điều khoản sử dụng.