Hello and Hello beautiful people here at TradingView. Going into 2021 We have some exciting opportunites ahead to make a lot of money So lets jump Right in. Over here you are looking at TSLA's Weekly chart and you can clearly see a MASSIVE BEARISH DIVERGENCE ON the WEEKLY RSI. The parabola that has started down where i marked my Cyan Wave B is the start of this C wave of the ending terminal that i am projecting for TSLA over the next couple years. Now Whenever a parabolic trend breaks , by theory it usually retraces 80% from the break. Now i took some Fibonacci retracements and marked key levels at 700-850 which will be an amazing short opportunity. The 2 weekly RSI has bearish divergence , The monthly RSI has bearish divergence forming ( will post all the charts in the links below ). My Neowave analysis says we need a retracement for W2. I have marked the time pivot as well , Before April the parabolic trend must break and we should be starting a slow decline into the coming few months of 2021 , so it is going to be a bloody 2021. This is only my opinion and what i am looking out for on Tesla and this is not to be deemed as a financial advice in anyway.
DM me if you have any questions about this post.
DM me if you have any questions about this post.
Trade active:
- This is the 2 Weekly chart where the divergence is forming on RSI.
- This is the monthly chart where the divergence is forming on RSI.
Comment:
The wave count Alone -
PP