Tsla is in a ABC Elliott triangle wave and we are approaching the end of wave E.
TSLA had a similar elliott triangle wave pattern that started around sept 2020 and ended around mid nov 2020 that took TSLA from 440 to 900.
I will be watching my buy points which are 614.19 and 630.69.
Wait till TSLA drops to around 630.69. If 630.69 holds and we see volume and a confirmation candle then enter calls.
If we break the upper trendline i would wait till we break 700 to buy calls in case of a false breakout.
With strong earnings this week from FAANG and TSLA of course, we have a potential for a massive run incoming.
My PT 1120.50
TSLA had a similar elliott triangle wave pattern that started around sept 2020 and ended around mid nov 2020 that took TSLA from 440 to 900.
I will be watching my buy points which are 614.19 and 630.69.
Wait till TSLA drops to around 630.69. If 630.69 holds and we see volume and a confirmation candle then enter calls.
If we break the upper trendline i would wait till we break 700 to buy calls in case of a false breakout.
With strong earnings this week from FAANG and TSLA of course, we have a potential for a massive run incoming.
My PT 1120.50
Trade active:
TSLA is holding up nicely.
Trade active:
TSLA broke through my buy zone at 700. i will look for a retest of 700 then we go higher
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1000 incoming
moneysignSean
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