$TSLA TOP 20
Added 2023-05-07 19:27:15 +0000 UTC$TSLA has bounced since $152 and the commentary I have said for each chart remains the same. Wave 2 could be complete now but I have left the chart count as it is because there is still a possibility that the gap at $146 could be filled. The bounce from $152 has 3 waves in it so far, so this is common for a subwave 4 bounce, as this is a corrective.
So right now, if this bounce goes above the 0.618 Fib at $176.70 and we see more than 3 waves here, then Wave 2 completed at $152 and we are in Wave 3 in green, as the count is then impulsive.
If it rejects at $176.70, then there is a possibility this will come down to $146.
The 200 Day MA is coming down to the 0.618 Fib now, so this is possibly a resistance line aswell.
So What Now?
If you are a $TSLA fan, you should be considering when to add, this was recommended since $152, if you are waiting for the possibility that $146 could hit, then you need to be prepared for it breaking above $176.70 and you have missed getting in at a lower price. There is potentially a lot of upside here for $TSLA, so waiting for confirmation of its next move is a perfectly good strategy in this position.
