🔍 Analysis Overview This chart showcases a potential Elliott Wave structure on Tesla's daily timeframe. Here's the detailed breakdown:
Wave Progression:
Wave (1), (2), and (3) completed, with wave (4) anticipated to retrace.
Wave (4) Retracement Zone: - Targeting the Fibonacci retracement zone between 0.382 (340.99) and 0.618 (280.16). - This zone aligns with a confluence of the trendline and previous support levels.
Bullish Targets:
- First target at 440.13. - Secondary targets at 470.80 (1.236) and 489.88 (1.382 extension).
Risk Management: - Stop-loss positioned at 275.00 to manage downside risk.
📊 Indicators: - RSI and MFI reflect potential overbought conditions in the current wave (3), supporting the likelihood of a corrective wave (4).
🚨 Important Notes: This is a speculative wave count and assumes the continuation of the broader uptrend. Breaks below the stop-loss zone could invalidate the setup.
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.