TSLA is in the last leg of its wave pattern. It's previous wave low was at 196, and since has followed the wave pattern back above its moving averages.
It also has formed a nice rounding pattern, suggesting we would get back to old highs of 375-400 by March 2024. This would be a 3.25:1 risk reward ratio. WIth the stop loss being at the previous wave low of 196.
It also has formed a nice rounding pattern, suggesting we would get back to old highs of 375-400 by March 2024. This would be a 3.25:1 risk reward ratio. WIth the stop loss being at the previous wave low of 196.