$TSLA TOP 20
Added 2022-12-20 16:12:49 +0000 UTCJust so everyone understands where I got my targets for $TSLA from, we have Wave 1 and 2 in for Tesla now, down to $163 (Wave 1), a bounce up to $198 (Wave 2), where it got rejected and now it is moving down perfectly along W - 3. Since we have Wave 1 and 2, we can use Fib - extension levels to find the bottom of the 5 waves. 1.27 Fib is showing $108 and the the very important 1.618 Fib is showing $83.87. I'm using the 1hr chart, so it's slightly different to the targets we have said before but I feel this is more accurate then using the daily chart.
So for now it's very easy, we just wait, let's see where it finds support and I feel that it will not come in until the new year, so let's be ready when we get to the bottom to add.
Comments
I never ever advise to short or to buy puts.
Gareth Neary
2022-12-20 16:34:19 +0000 UTCTSLA is way oversold right now be very careful shorting or buying puts here. Should bounce a bit then continue its plunge
Sid
2022-12-20 16:32:00 +0000 UTCThank you for the kind words, we can all learn EW and become better investors, having patience becomes a lot easier when you can see the structure unfold. I will continue to upload detailed analysis like this for all to learn from
Gareth Neary
2022-12-20 16:20:13 +0000 UTCI love that I can follow/understand everything you are saying now since being introduced to EW! Thanks for what you do and the continued education you provide us all to be better/smarter investors! ❤️
SLim
2022-12-20 16:15:48 +0000 UTC
