$TSLA is taking its time moving down to the 0.38 Fib meaning that bulls are stepping in but I believe a new low will be made first before this can happen, so a break below $373 is possible next.
Once this happens then we have a straightforward 3 wave pull back....a test of the 0.38 Fib at $355 would be perfect and holding but bulls are certainly present here
Fans of $TSLA should be watching this closely
A lower low followed by a bounce and break above the yellow trend line and the reversal is on and Wave 5 for me.
Joel
2025-02-05 23:43:45 +0000 UTC