TSLA has had quite the come-up recently - I think I've said that phrase about 3 times in the past year. Here's the case - this looks like a solid third wave extension I identified this when I zoomed out to the daily candles. You can see the detailed wave-count on the 4-hour chart starting from November of last year.
Predicting a rather severe correction potentially ending in the lower 300 range - this move would be incredibly healthy for TSLA in the long term as it validates this entire bull run-up. Price points obtained with volume-profile and various fib retrace zones.
I can see (A) to (B), but I can't see (B) to (C). It's now a part of s&p. you're gonna need a whole market crash for that kind of move.
BDRTrigger33
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@noragrets1, I think that (whole crash) is coming. As to WHEN, of course, I have very little idea Re: that part. Maybe late Jan. Maybe sooner. **shrug**
wordsforthewise
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@noragrets1, Yahoo crashed before the market did in 2k, after it was added to sp500. You don't need a full market crash
sgtraderjon
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@wordsforthewise, what happened to yahoo?? Is twitter the yahoo of yesterday?
wordsforthewise
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@sgtraderjon, tsla is the analog of yahoo today, similar story and price action
Mdconnelly88
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Too bad technicals don’t really apply to Tesla since it can’t be accurately evaluated...it’s all based on the future power of Musk!
wordsforthewise
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@Mdconnelly88, what if he dies? The stock would go to 0
Mymillennialinvestor
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Almost there.
sgtraderjon
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Could there be another wave 5 top yet to be made???
CryptoeChris
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bro wtf Tesla is not even real anymore. Its literally cracked out at this point. I won't believe in any TA for TSLA at this point anymore. Ill just buy half year puts otm correction at %20 correction