Tesla : Danger !

5 במאי 2021

Price didn't go up to 750 as expected but the EW count remained intact, wave b finished at 715 instead. But now Tesla is in the danger zone. The channel (red) and the daily trend line (black) are acting as support. When price breaks these trend lines, price could drop significantly. A first stop should happen around 600 followed by a retest of the broken trend lines. After that price will drop to break the wave a(circle) low at 539.60. Be warned, this could go very fast with short countertrend rallies and bigger than expected drops.