After a large 1-2-3-4-5 Motive Wave and a large Corrective Wave A-B-C, TSLA is forming a new Motive Wave.
The third wave of the new Motive Wave has begun. The new Wave will have at least 100 percent projection ie. it will reach at least 500.
Waves within the first impulse wave of the new Motive Wave are marked below:
There is a possibility that corrective wave 2 of the new Motive Wave is not yet complete and may form a complex correction before wave 3 begins, in which case we may see some more up and down waves.
The third wave of the new Motive Wave has begun. The new Wave will have at least 100 percent projection ie. it will reach at least 500.
Waves within the first impulse wave of the new Motive Wave are marked below:
There is a possibility that corrective wave 2 of the new Motive Wave is not yet complete and may form a complex correction before wave 3 begins, in which case we may see some more up and down waves.
Trade active
Wave 2 seems to be a Double Three (3-3-3) correction. Note
15 min chart:Last wave is a 1-2-3-4-5 Impulse wave. Wave 4 in formation. May go down to 190 before starting move upwards.
Trade active
Gap near 230 has been filled. TSLA forming 3rd wave. 5th wave to end near the gap at 300.
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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.