Tesla Four Hour surprising correction but how far will it go up?So Based on previous analysis the thesis is we would drop down however this did not occur.
With the new thesis we are seeing possible 5 scenarios take shape plus one which is Tesla takes off like a rocket and makes higher highs: however unless confirmed on the Weekly I dont see that being likely as of yet.
Currently the 235-238 area is what I am more leaning towards: however that being said the market can drop at one of those five levels shown in the image. So please be beware of it.
Any thoughts or questions? What do you like and dont like? Always open to feedback
MB Trader
Teslacorrection
Tesla Weekly Correction up then down? Based on the analysis I see the trend for Tesla correcting to one of 3 levels then going back down with my original thesis.
However if the market breaks above the weekly high this would disprove my original thesis and then the trend of this market has changed from Bearish to Bullish.
What are your thoughts? Comments leave them below
MB Trader