Tesla - Bullriding 🚀

٢٩ نوفمبر ٢٠٢٣

Hey Tesla Enthusiasts! 👋

Today, let's revisit Tesla, where we've had two trades, and both have been remarkably successful. The first trade is still active, and therefore, the new Stop Loss is set at $212.

I believe that Wave 1 has concluded here, hitting the 127.2% Fibonacci level. The rebound has been exceptionally strong, and I don't foresee it holding or reaching new highs. My assumption is that we are now entering Wave 2, inevitably accompanied by an ABC correction. It could potentially develop into a double or triple ABC, but the specifics will unfold over time.

Certainly, the price will need to dip for the Wave 2 correction, and I anticipate it finding support between the 50% and 61.8% Fibonacci levels. Time will tell. 📈✨

Bye! 🫡