TESLA - 5th wave upcoming (long term)
Hello family.
I have been watching this stock for a long time. Yesterday, after the earnings came in I finally got a secure confirmation of my theory:
1) What we see here is a classic Elliot 5 Wave, With wave 3 being the longest and wave 4 being a triangle flat (all this actually looks like a picture from the Elliot Wave Theory book - a perfect example of the movement)
2) The resistance like has been finally broken. The next target is re-testing the existent maximum. I don't know what the trigger look like. It may be Biden winning the elections or Musk announcing something, so we shall see.
Do not forget to put your SL below the support line, and be careful with the stock.
All support will be appreciated
I have been watching this stock for a long time. Yesterday, after the earnings came in I finally got a secure confirmation of my theory:
1) What we see here is a classic Elliot 5 Wave, With wave 3 being the longest and wave 4 being a triangle flat (all this actually looks like a picture from the Elliot Wave Theory book - a perfect example of the movement)
2) The resistance like has been finally broken. The next target is re-testing the existent maximum. I don't know what the trigger look like. It may be Biden winning the elections or Musk announcing something, so we shall see.
Do not forget to put your SL below the support line, and be careful with the stock.
All support will be appreciated
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