Tsla is in a ABC Elliott triangle wave and we are approaching the end of wave E.
TSLA had a similar elliott triangle wave pattern that started around sept 2020 and ended around mid nov 2020 that took TSLA from 440 to 900.
I will be watching my buy points which are 614.19 and 630.69.
Wait till TSLA drops to around 630.69. If 630.69 holds and we see volume and a confirmation candle then enter calls.
If we break the upper trendline i would wait till we break 700 to buy calls in case of a false breakout.
With strong earnings this week from FAANG and TSLA of course, we have a potential for a massive run incoming.
My PT 1120.50
TSLA had a similar elliott triangle wave pattern that started around sept 2020 and ended around mid nov 2020 that took TSLA from 440 to 900.
I will be watching my buy points which are 614.19 and 630.69.
Wait till TSLA drops to around 630.69. If 630.69 holds and we see volume and a confirmation candle then enter calls.
If we break the upper trendline i would wait till we break 700 to buy calls in case of a false breakout.
With strong earnings this week from FAANG and TSLA of course, we have a potential for a massive run incoming.
My PT 1120.50
Trade active
TSLA is holding up nicely.
Trade active
TSLA broke through my buy zone at 700. i will look for a retest of 700 then we go higher
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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.