timwest

Tesla Motors-TSLA-Daily-Time at Mode-Update-9 Days Pattern Over

NASDAQ:TSLA   TESLA INC
358 1 4
Updated levels with 9-days on this decline set up new "boxes" of distribution" and measured declines from the "mode" of those distributions.

A second, lower 9-day distribution set up and the decline almost reached the target for both patterns just under the $216 level. The first 9-day distribution's time expired yesterday (Wed 10/22) and the 2nd distribution finishes today at the close.

The immediate upside target for the rebound of this distribution is to test the "mode" at the 247-248 level.

231.10 last, 10/22/2014 close.

Tim 8:12AM EST
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Also, since there is no new low for 5-days, there is an 'uptrend' in effect. Since TSLA is "AT" the mode from the new uptrend, it isn't in a 'strong' position. One day holding above Wednesday close of 231 and it will be a solid buy signal, for 5-days.
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