TSLA bleeding has stopped for now. Recovery has been a bit choppy but a five wave move can be worked out. Next week, I would expect another move up and then a correction. Regardless, if price is destined for much lower numbers or not, we should expect another leg up to $200-$250 to complete a 3 way move before crashing lower. If it is the beginning of an uptrend, then we should see a few more moves up to complete a higher degree 5 waves structure and a three wave correction. The next correction should be a buy to at least catch the C wave, or even better, a wave 3. Right now, TSLA trade will require active management. Risk/Reward is pretty good.
