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RizeSenpai
Feb 2, 2022 9:57 PM

$TSLA Likely Heading Down To $38.60 From Here Short

Tesla, Inc.NASDAQ

Description

TSLA has had 5 waves upwards and within these waves has formed somewhat of a Logscale AB=CD Harmonic Pattern. The minimum targets for these AB=CD patterns are typically back down to the C level which in the case for TSLA should take us down to around $38.60.

As far as the Technicals go we have the MACD beginning to curl down and will be crossing bearish soon and the RSI has shown extreme amounts exhaustion at these levels; Lastly we have a confirmed Evening Star Doji Visible on the Monthly Chart.

Everything simply just points down for TSLA.
Comments
Captain_Cam
dude you're high
RizeSenpai
@Captain_Cam, I'm not; but TSLA sure is (a little too high in fact) ;p
Sputnik2020
sounds like someone with their kids college fund spent on tesla puts lol
dynasty2059
you are saying thirty eight dollars and sixty cents per share for tesla?
Arashbas
@dynasty2059, 600 more probable
dynasty2059
@Arashbas, i can see 600, though fundamentally they would probably need to drop the ball on something in a big way. definitely possible though and at those levels I would probably start a position without much thought
RizeSenpai
@dynasty2059, Yes that'd be the full target of the projections here. Of course we may find bounces on the green support boxes but the ultimate target here is $38.60
dynasty2059
@RizeSenpai, i can't tell if this is a meme or not
RizeSenpai
@dynasty2059, Not a meme; completely serious.
dynasty2059
@RizeSenpai, so it's a meme
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