$TSLA TOP 20
Added 2023-10-31 12:00:06 +0000 UTCOk this is the doomsday scenario for $TSLA if it does not find support soon.
The white 0.78 Fib at $183 is still a legitimate support level and the bulls can still find support here and this can move higher from there but anything below this and it is looking very weak.
So I have added in the Red Fib levels, these Fib levels are showing the target levels that this can drop to if the white 0.78 Fib level is lost.
This would mean that we are in a 5 waves move down since the $300 top in July, so $TSLA could be in Wave 3 down right now, this is not on the chart as the bulls still have a chance to hold this.
The 1.618 Fib in red at $137 is the important level for me, this is where the realistic target is if the impulse wave becomes invalid.
$TSLA is not a buy for me here as there is a lot of weakness on this chart. But bulls will want to see $183 or above held.
