TSLA, Winter is coming !
Updated
TSLA is just a stock not a GOD ! . Every stock will crash some day.
It seems the bullish forces have lost the battle to allied 0.618 retracement and descending trend line resistances. Currently bearish army is attacking the midterm ascending trend line. This defending line may prevent price from going lower but every push up will be temporary and this protecting line will be broken soon or later. Tesla's crash is inevitable.
I published the idea titled" TSLA will meet price below 500 before eventually meeting 1000 ", on 13 Apr. I want to emphasize here that it was just the best case scenario. We have a clear descending impulse leg which can be labeled as wave 1 or A. After this 5 leg down going wave (1 or A) we expect a zigzag correction which ends after completion of wave C in best scenario and new up going impulse will start there . This scenario is shown on the chart by green color.
Do not forgot that there is always possibility that what you consider as wave C is not actually a wave c and is in fact wave 3 and after a small correction (wave 4), bearish trend resumes and price goes lower to form a larger 5 leg descending impulse. This scenario is worst case and is shown by red color in the chart.
My two RECOMMENDATIONS:
1- For those who still kept their position : Keep it and watch the reaction to mid term ascending trend line. You may be lucky and market give you a second chance to go short around 800.
2- For those who love Telsa and want to keep all their position after even collapse of mid term ascending line :
Raise your hands toward sky and pray for "King of the north" and "Mother of dragons"
Good Luck every one
It seems the bullish forces have lost the battle to allied 0.618 retracement and descending trend line resistances. Currently bearish army is attacking the midterm ascending trend line. This defending line may prevent price from going lower but every push up will be temporary and this protecting line will be broken soon or later. Tesla's crash is inevitable.
I published the idea titled" TSLA will meet price below 500 before eventually meeting 1000 ", on 13 Apr. I want to emphasize here that it was just the best case scenario. We have a clear descending impulse leg which can be labeled as wave 1 or A. After this 5 leg down going wave (1 or A) we expect a zigzag correction which ends after completion of wave C in best scenario and new up going impulse will start there . This scenario is shown on the chart by green color.
Do not forgot that there is always possibility that what you consider as wave C is not actually a wave c and is in fact wave 3 and after a small correction (wave 4), bearish trend resumes and price goes lower to form a larger 5 leg descending impulse. This scenario is worst case and is shown by red color in the chart.
My two RECOMMENDATIONS:
1- For those who still kept their position : Keep it and watch the reaction to mid term ascending trend line. You may be lucky and market give you a second chance to go short around 800.
2- For those who love Telsa and want to keep all their position after even collapse of mid term ascending line :
Raise your hands toward sky and pray for "King of the north" and "Mother of dragons"
Good Luck every one
Note
Here are my two publications for TSLA, my first publication was on Apr 13th when it was strong bullish, Second was a warning with some educations after reaction to 0.618 retracement.Good luck my friends:
Note
As predicted, Tesla is reaching to it's midterm ascending trend line. Watch the reaction to the line carefully.Note
Tsla is very close to ascending midterm trend line now, So far everything follows the prediction . It will be broken soon or later but it may give you a second chance to go short.Note
Short term Ascending trend line connecting 539.49 and 591.01 is now broken. More than likely Midterm ascending trend line will be broken very soon.Note
Tesla opened below the Midterm ascending trend line. This defending line is no more existing. Tesla eventually crashed. Now we need 1 more confirmation for completion of wave B which is a trade below 591.01. Target zones to go long will be updated after that confirmation.Good luck every one
Note
Now , we have a trade below 591.01 which confirms the completion of wave B. Be prepared to go long at the prices below 500.Note
Try to make your own profits my friends. It is the world of trading. It is not about loving or hating a stock.Note
Note
These move ups are just subdivisions of internal structure of wave C or 3. Try not to get excited. We are still far from the target.Note
Tsla is disclosing internal structure of down going wave. Now, Prediction of target can be more accurate.Note
How can North wall stand against the night king with a captured dragon???!!
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