Overview: let's review the update of previous week:
Update: wave (IV) of C completed as a zigzag as expected, but it fell short of of expected target (actual peak was 237.4). Looking into the hourly chart, we are in wave 2 of c of (V) of C of (Y). This can complete the whole correction on TSLA or it can lead to a wave (X) and another zigzag next year. For now, we know that this wave (Y) bottom leads to a sizeable bounce.
- We are developing wave (IV) of C as a zigzag: we are in wave c of (IV) at the moment.
- Potential targets for wave (IV) peak? 246.3-250
Update: wave (IV) of C completed as a zigzag as expected, but it fell short of of expected target (actual peak was 237.4). Looking into the hourly chart, we are in wave 2 of c of (V) of C of (Y). This can complete the whole correction on TSLA or it can lead to a wave (X) and another zigzag next year. For now, we know that this wave (Y) bottom leads to a sizeable bounce.
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