Starting to build a long position in TSLA, expecting a mean reversion (B wave). Multiple points of confluence (BBands / Bull Divs / Wave 5) are pointing to a pivot back up to a min target of 215 over the next few months.
Comment:
Adjusted count based off latest data to be impulse instead of ABC for last leg. Currently looking at 3rd wave complete with 4th wave target around 140-150, then down for wave 5 to 50-70 area.
Alternate is the bottom is in, but low probability imo.
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Alternate is the bottom is in, but low probability imo.