Tesla 1/1/24 - 8/31/24 Elliot Wave Analysis
My expectations for TSLA over the next couple of months based on its current Elliott Wave structure.
Right now, we’re in wave 4, and while I can’t predict exactly when it will end, I’d expect it to continue until Tesla’s earnings report on January 29th. This might be the catalyst needed to bring the stock out of wave 4.
I’ve mapped out the three possible scenarios for wave 5, each with its respective Fibonacci levels to provide a clearer picture of potential outcomes. Based on the Fibonacci time zones, wave 5 could likely end sometime in August.
Of course, the market is always changing, and no analysis is ever set in stone. I’ll continue to update this chart as needed to reflect new data and developments.
Right now, we’re in wave 4, and while I can’t predict exactly when it will end, I’d expect it to continue until Tesla’s earnings report on January 29th. This might be the catalyst needed to bring the stock out of wave 4.
I’ve mapped out the three possible scenarios for wave 5, each with its respective Fibonacci levels to provide a clearer picture of potential outcomes. Based on the Fibonacci time zones, wave 5 could likely end sometime in August.
Of course, the market is always changing, and no analysis is ever set in stone. I’ll continue to update this chart as needed to reflect new data and developments.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.