$TSLA TOP 20
Added 2023-12-03 19:04:32 +0000 UTC$TSLA was not able to follow through after breaking out of its wedge last week.....this seemed to happen directly after Elon's comment this week to the legacy media outlets who stopped advertising on X.
That being said, the structure has not broken down, Wave 4 did not infringe upon Wave 2, the price also managed to hold at the 50 Day MA to end the week too. I added in the short red line at $226, to show the breakdown level, so as long as the price action stays above this....the price can continue moving higher to our Wave 5 level at $270.
Elon made a few comments too that may concern investors....that X may not survive due to advertising cuts, what $TSLA bulls do not want to see is Elon selling shares again which would cause capitulation here, which is what we saw at this time last year.
I would be a buyer after this happens.
