Thesis
Tesla’s price action from December 2022 to December 2025 mirrors the "Expanding Ending Diagonal" pattern we’ve seen in Ethereum. Both represent a market running on fumes rather than impulsive momentum.
Key Structural Markers
The Outlook
When this pattern completes, the technical tendency is a full retracement to the origin point of the move. For Tesla, that’s roughly $100.
While a 74% decline sounds extreme, we are currently seeing the stock systematically clear liquidity from that terminal phase. Tesla is testing critical support at the $370 multi-year trendline. If this level fails, it serves as the technical confirmation that the broader unwind has begun.
Curious to hear your thoughts.
Tesla’s price action from December 2022 to December 2025 mirrors the "Expanding Ending Diagonal" pattern we’ve seen in Ethereum. Both represent a market running on fumes rather than impulsive momentum.
Key Structural Markers
- 3-Wave Sub-structure: A 3-3-3-3-3 sequence indicates a trend struggling to find impulsive energy.
- The Overlap: Wave 4 overlap with Wave 1 is the structural signature of an exhausted trend.
- Expanding Boundary Lines: Diverging trendlines reflect a "blow-off top" and unsustainable optimism.
- The False Breakout: The December 2025 high ($498.83) functioned as a classic liquidity grab.
The Outlook
When this pattern completes, the technical tendency is a full retracement to the origin point of the move. For Tesla, that’s roughly $100.
While a 74% decline sounds extreme, we are currently seeing the stock systematically clear liquidity from that terminal phase. Tesla is testing critical support at the $370 multi-year trendline. If this level fails, it serves as the technical confirmation that the broader unwind has begun.
Curious to hear your thoughts.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.