Tesla (TSLA) appears to be forming an Expanding Ending Diagonal pattern on the 1-hour chart, suggesting the final stages of a larger impulsive structure. Wave (V) seems to be unfolding with internal subdivisions visible, possibly targeting the 1.618 Fibonacci extension near 505 before a sharp reversal.
Key observations:
Structure resembles a textbook expanding diagonal (5-3-5-3-5).
Wave 4 found support near the lower trendline.
Wave 5 projection aims toward the 500–505 area.
Expecting a potential pullback or reversal once the diagonal completes.
Key observations:
Structure resembles a textbook expanding diagonal (5-3-5-3-5).
Wave 4 found support near the lower trendline.
Wave 5 projection aims toward the 500–505 area.
Expecting a potential pullback or reversal once the diagonal completes.
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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.