Is TSLA Telsa, Inc too high? Is a short-term correction due?
Is TSLA Telsa, Inc too high? Maybe a short-term correction is coming?
A summary of The Elliott Wave Principle, the principle tells us that there are five waves that move in the direction of the main trend, and three waves that will follow that is a correction. Applying the Elliott Wave Principle to the chart of TSLA Telsa Inc, we can see three big waves indicated with blue rectangle boxes. In addition, I drew the bullish trendline for the three waves, and we can see that the wave 3 trendline is rising and accelerating too fast compared to wave 2 and wave 1.
TSLA Telsa, Inc makes a new high this week to $652.32. However, I think the stock is due for a short-term correction soon. I will let the market decides that.
Just a humble market opinion by Greenfield Analysis. This is not a recommendation. Greenfield Analysis has no investment in GLD, no plan to initiate a trade in GLD, and does not receive any compensation for this market opinion. Please click Like and follow to see more. Thank you for reading.
Greenfield
A summary of The Elliott Wave Principle, the principle tells us that there are five waves that move in the direction of the main trend, and three waves that will follow that is a correction. Applying the Elliott Wave Principle to the chart of TSLA Telsa Inc, we can see three big waves indicated with blue rectangle boxes. In addition, I drew the bullish trendline for the three waves, and we can see that the wave 3 trendline is rising and accelerating too fast compared to wave 2 and wave 1.
TSLA Telsa, Inc makes a new high this week to $652.32. However, I think the stock is due for a short-term correction soon. I will let the market decides that.
Just a humble market opinion by Greenfield Analysis. This is not a recommendation. Greenfield Analysis has no investment in GLD, no plan to initiate a trade in GLD, and does not receive any compensation for this market opinion. Please click Like and follow to see more. Thank you for reading.
Greenfield
Sorry, my bad I was in the middle of doing something else.
Greenfield