TSLA Outlook: Corrective Rally Before Major Downturn

TRIGGER TRADES
03-01

$Tesla Motors(TSLA)$ has topped, as warned to members on 02/09, but it holds a 5-wave diagonal structure at Weekly FVG support suggesting a corrective rally before escalating lower.

Lean is Tesla rallies from here to at least cross 325, with upside potential to 362-384. However, that zone should be the termination point to produce the next major wave down.

Ultimately, expecting this upcoming rally being the last chance $TSLA holders have to exit before crashing to 138-100 over the next 1-3 years.

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Comments

  • Tiger_CashBoostAccount
    03-03
    Tiger_CashBoostAccount
    Great job on your latest stock market success! Your commitment to research and analysis is evident in your results.Trade with Tiger Cash Boost Account and use contra trading toenhance your strategies."Welcome to open a CBAtoday and enjoy access to a trading limit of up to SGD 20,000with upcoming 0-commission, unlimited trading on SG, HKand US stocks. as well as ETFs.
  • Guavaxf30
    03-01
    Guavaxf30
    Don’t try to time this. I know it is tempting to believe this and take a punt. But what if it does not follow this projection?
    I think there is too much negativeness towards Tesla right now. Look at the recent sales announcements for the Chinese EV’s. Showing huge increases in sales whereas Tesla is teporting reversals.
    And this is the same for European Tesla sales too. Down 50% !
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