Tesla Short Idea (+5% Profit)
Here's another point of view on current Tesla price dynamics from EW theory perspective. With a 1-2-3-4-5 move completed at $450 level, the price has proceeded with ABC correction and now it is in C wave with a target around $385 where a bottom line of a symmetric triangle is.
Note
The price bounced up from a symmetric triangle top line (dotted line), now let's see if the price will retrace back down.Trade closed: stop reached
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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.