In the last post about Tesla I said price was ready to move up. This was a little too early but price eventually bounced from the 100% fib extansion around 101. This ended a nice corrective pattern from the all time high. Since this low price has more than doubled from the low in what looks like an impulsive wave 1 of a much larger wave 3. The wave 2 that followed this rally looks like it is finished aswell which means price could be ready for a big move up soon. This wave 2 was a double three corrective wave (wxy) with a possible head and shoulder pattern forming at the 100% fib extansion.
Alternative in the short term is price is looking to fill the gap at 144 to finish the wave 2.