It is expected that the stock will head to its previous targets after it is well accumulated, and the eye is on the liquidity of the stock
Tesla Trading Indicators is Strong Bullish Target-1 = 196 (13%) Target-2 = 336 (94%)
Elliott believed that every action is followed by a reaction. Thus, for every impulsive move, there will be a corrective one. The first five waves form the impulsive move, moving in the direction of the main trend. The subsequent three waves provide the corrective waves.