🚗 Tesla (TSLA) — batteries sat down, let's go to charge 🔋

●● Mine scenario
● 1W
TSLA
"Price charts are great for predicting ... the PAST," Peter Lynch once said. In addition, price charts of the past are a great tool for predicting the future with high accuracy, if, of course, you are familiar with the theory of Elliott waves. The exit up from the big triangle was expected even in October 2019.

● 1D
TSLA
Our previous targets of 820 level have been achieved. It is possible that the decline has already going in the wave (4) of ① in the area of the Minor degree wave 4, in the range of 500-330.

● 4h
TSLA
Wave (3) has reached the key level of 161.8% of the wavelength (1). Wave 5 of (3) of ① = 161.8% of 1. The top of wave 4 divides the impulse (3) in the Fibonacci ratio.

● 45m
TSLA
But. I haven't seen any good options yet to decompose the descending waves from the historical top into a series of One-two, one-two waves. Even the breakout of the 682 level, there will still be a probability of continuing the formation of ((v)) to the Ending Diagonal, as schematically demonstrated in black. In general, I consider the current decline as a local correction, but in the case of a downward formation in the form of an Leading Diagonal or impulse, at the end of the subsequent correction, I will open a sell trade with an eye on another descending five-wave as part of A of (4).

●● Alternative scenario
● 1W
TSLA
An alternative count of the senior degree.

The wave marking in the double circle parenthesis corresponds to the green marking in the circle on the chart.