Trendencies
Short

TSLA Short

NASDAQ:TSLA   TESLA INC
*I apologize if this looks like a laser-light show*

I believe now is the time to short TSLA if you haven't done so already. The prime time would have been to do it above $920 in my opinion, but, nevertheless, we had a text-book parabolic rise which ended with a high of $968.99, and the best time to short a parabolic rise is when it attempts to retest the previous high and fails. With that being said... parabolic rises of average retrace anywhere from 62%-78% which would put TSLA anywhere between $479-$347 (don't worry, it doesn't happen overnight). We are now in a long period of consolidation that will lead to more sideways movement and downside.

Right now I believe we are in an "ABC" correction which is taking place in the form of a regular flat, which is a 3-3-5 sub-wave movement. We have just finished our B wave within the ABC wave structure, a textbook regular flat's B wave retraces 90% (90% would be $940.79 and we retraced to $944.78), then our likely targets for wave C will be a 1:1 extension of wave A ($662.79) as well as a 1:1.236 extension of wave A ($596.24).

If you like my content and would like to see more, please feel free to 'Like' my post and 'Follow' me!

If you agree, disagree, have any questions or comments, make sure to comment below!

Thank you.
Feb 25
Comment: 1st short term target of $800 reached - which happens to be the 2:1 Gann Fan ratio support line, which will likely turn to resistance.
Feb 27
Comment: 1st target hit... faster than expected.
Feb 27
Comment: Of $662.79 ^

More to come.
Mar 02
Comment: Both short term targets were hit. 2nd target why shy by less than $15 - Not bad!

Comments

After two days of everything dropping Tesla is still quite in shape. What's your strategy for the next couple of weeks?
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Trendencies ludusanioan
@ludusanioan, Enjoy a nice drink while this plays out perfectly :)
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You seem like a smart dude. thx
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@owen-bir, Thank you!

I'm glad you enjoy my content. Expect a lot more to come!
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FYI This is not financial advice lol... just my amazing opinion, that is all.
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last shorters have waiting forever.
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