Tesla is facing a 43% decline. Anyone who followed my Tesla analyzes could see that I regularly took long positions. Nevertheless, I still recommend taking the short position now. The analysis shows that the price movement of TSLA has fallen below the wave axis (orange dotted line). These days, he tested this axis back, then stood in a declining direction again with a decrease of nearly 6%. It can also be seen that the corrective motion I now assume is nothing more than the beginning of the second descending wave motion. In case this falling wave builds up the target price: 347.11usd
Do you still feel that this analysis is accurate and correct at this moment in time?
meszaros
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@OriginalDozer, Anyone who follows my analysis can see that I am a "Tesla lover". I have always taken long positions. But technically, I consider the current price levels too high to look for new long positions. Therefore, I either short or wait it out and take a long position again from the 350 usd level indicated in my analysis.