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Tesla
Long

TSLA Long Position

By xMDGx
Updated
Starting to build a long position in TSLA, expecting a mean reversion (B wave). Multiple points of confluence (BBands / Bull Divs / Wave 5) are pointing to a pivot back up to a min target of 215 over the next few months.
Comment
Adjusted count based off latest data to be impulse instead of ABC for last leg. Currently looking at 3rd wave complete with 4th wave target around 140-150, then down for wave 5 to 50-70 area.

Alternate is the bottom is in, but low probability imo.
Elliott WaveMoving Averages
xMDGx
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