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jdemunter
Sep 22, 2021 8:01 AM

Tesla : Close to the top Short

Tesla, Inc.NASDAQ

Description

Tesla has 2 EW counts at the moment that show a top is near. Either price goes above 780 to finish a double three corrective wave B or price stays below 780 and this rally was wave C inside a bearish triangle wave B, in this case a top might already be in.
If price will go above 780 there will have to be another leg up inside the corrective wave y to form a triple three corrective wave. Inside this wave price would now be in a 2nd wave X, which has already finished, will become a triangle or will have another leg lower to around 700 and test the trendline support. Once this wave x is finished a last rally up to above 780 and the bigger wave B will come to an end and the wave C down will start.
Next couple of days will be very interesting.

Good luck!
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