Tesla has fallen sharply in recent days and has now reached more or less the levels at which we expect the low of the blue wave (ii). Accordingly, our primary expectation is that the price will soon reverse and continue to rise - we expect it to rise above the $258.74 mark. Only the 35% probable alternative would shift this reversal into the future. This scenario comes into effect on a drop below $193.81 and still sees the price in the magenta wave alt. (ii).
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📊 Free daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
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🚀 Spot trends early with momentum, sentiment & price structure
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Related publications
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.