$TSLA TOP 20
Added 2023-06-18 21:26:43 +0000 UTCI have set this potential 3 wave corrective wave topping out at $268, the price action hit $263 on Friday, after pulling back slightly on Thursday. I have uploaded this a number of times during the week and I think many are up to date here with how I see this going, getting above this yellow line at $268 is very important.
The two white ovals are identical in length, both have been very vertical and after the first climb, we saw a strong pull back....the issue with how this looks is that it is the perfect looking corrective wave, so it needs to break above this distance line to break the shape and to move higher to complete Wave 3.
I think this is a big test but $TSLA does have the buyers.
The RSI on $TSLA is extremely overbought now and you can see that the last time it reached these levels, it was at its All Time High Peak and this caused a very large aggressive decline for over a year.
This can not be ignored.
My recommendation here is not to chase this right now, let's see how it deals with the $268 level.
I know many would love to see this come back down but I think a pull back and finding support next above the blue line would be the best case for the bulls now.
