$TSLA TOP 20
Added 2024-07-07 17:18:53 +0000 UTCThe bulls are in the driving seat now, they have blasted through the very difficult resistance level and moving to the 1.618 Fib at $265 for Wave 3, around this level we would expect the pull back for Wave 4 and this is judgement time then, which will likely be the retest of the yellow trend line....this is the perfect scenario, a retest, holding and then bouncing for Wave 5.
A retest of the breakout level would be a buy signal once it holds too.
Two catalysts coming up for $TSLA shortly:
Earnings on the 23rd of July
RoboTaxi event on the 8th of August 8/8.
Both of these events could be the extra booster $TSLA needs to stay out of the yellow wedge.
So bulls, if you like $TSLA and you get a retest of the wedge and it holds, you know what to do.
Comments
Please pull back! I rode all of w3 & took the profits when it got close to the 1.618 with the expectation of a re-test. Might have been a bit shy but have faith in EW and the fibs.
G4Golf
2024-07-08 15:27:25 +0000 UTC
