Either way TSLA is bearish short term, and bullish long term.
Could find a bottom around $116... or turn into a double zigzag and go even lower.
If wave count is correct then TSLA cannot go below $141.05. We'll have to wait, and see. Otherwise, it would be a more complex combination correction.
Then long. Correction: wave (5) should be where "circle" wave 3 ends.
No rate hike in June FOMC meeting. No British Exit of the EU. Market ends year in an ending diagonal. Buy pullback at the channel line!!!
...but LOOK OUT BELOOOOW! Nearing the Elliott Wave Grand Supercycle TOP!
A market top could be reached faster (September 2018) if the FED messes up it's timing.
Lots of room to run, but WATCH OUT for a breach of the 2,500 level! BUY THE COMING PULLBACK!
5 waves up seem to have completed. Down move coming ahead of June FOMC meeting to complete wave 2 of a higher degree? Wave 2 could take till the end of the year to complete though. Then go long - VERY LONG!
Could get a heavy retracement as with other stocks, but GOOG $1,000 IS COMING UP!
WE MUST ALL JOIN HANDS AND BELIEVE IN THIS TOGETHER! =P I think it'll happen. Fed won't about to start QE4. Make no mistake - AAPL will be a BUBBLE like no other at $200!