Tesla Poised for a Major Rebound Before a Deeper Correction!

Our Elliott Wave analysis suggests that Tesla is gearing up for a strong rally to the $428 region by the first week of February. However, we anticipate a sharp correction thereafter, with the price dipping towards $310 by the last week of February before launching into a massive bullish wave, ultimately breaking the $500 resistance!

This movement aligns with our wave structure, where we expect a short-term rally before a necessary correction sets the stage for a parabolic move upwards.