Tesla : Close to the top
Tesla has 2 EW counts at the moment that show a top is near. Either price goes above 780 to finish a double three corrective wave B or price stays below 780 and this rally was wave C inside a bearish triangle wave B, in this case a top might already be in.
If price will go above 780 there will have to be another leg up inside the corrective wave y to form a triple three corrective wave. Inside this wave price would now be in a 2nd wave X, which has already finished, will become a triangle or will have another leg lower to around 700 and test the trendline support. Once this wave x is finished a last rally up to above 780 and the bigger wave B will come to an end and the wave C down will start.
Next couple of days will be very interesting.
Good luck!
If price will go above 780 there will have to be another leg up inside the corrective wave y to form a triple three corrective wave. Inside this wave price would now be in a 2nd wave X, which has already finished, will become a triangle or will have another leg lower to around 700 and test the trendline support. Once this wave x is finished a last rally up to above 780 and the bigger wave B will come to an end and the wave C down will start.
Next couple of days will be very interesting.
Good luck!
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