TSLA has lost two important long term supports amid Russia Ukraine war and Fed's decision concerns.
As shown on the chart, Two years long up trend line has been broken a few days ago and 200 days moving average support was lost yesterday. This morning Russia Ukraine war initiation officially reported. Sanctions to Russia will have negative effect on EV car manufacturers as some of their raw materials are imported from Russia. In terms of Elliott waves , worst case scenario now seems most probable, the one that I first mentioned in my publication titled : " Dilemma of Previous wave is the key for future move ! ".
For now and at least in short term I can not see any positive sign. Lets follow and see what happens next.
Good luck my friends.
As shown on the chart, Two years long up trend line has been broken a few days ago and 200 days moving average support was lost yesterday. This morning Russia Ukraine war initiation officially reported. Sanctions to Russia will have negative effect on EV car manufacturers as some of their raw materials are imported from Russia. In terms of Elliott waves , worst case scenario now seems most probable, the one that I first mentioned in my publication titled : " Dilemma of Previous wave is the key for future move ! ".
For now and at least in short term I can not see any positive sign. Lets follow and see what happens next.
Good luck my friends.
