The Tesla price chart appears to show a large flat correction labeled W-X-Y.
Wave W consists of three downward waves from 2021 to 2023. (white)
Wave X shows a three-wave upward retracement from 2023 to 2024, which even overshot the start of wave W. (blue)
Now, we seem to be in the final leg of the third move: wave Y down. (yellow)
Typically, wave Y retests the bottom of wave W.
If that holds, we could see Tesla’s price revisit the 2023 low of $101.81.
Is Tesla losing its appeal?
I’d love to hear your thoughts.
Wave W consists of three downward waves from 2021 to 2023. (white)
Wave X shows a three-wave upward retracement from 2023 to 2024, which even overshot the start of wave W. (blue)
Now, we seem to be in the final leg of the third move: wave Y down. (yellow)
Typically, wave Y retests the bottom of wave W.
If that holds, we could see Tesla’s price revisit the 2023 low of $101.81.
Is Tesla losing its appeal?
I’d love to hear your thoughts.
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Declinazione di responsabilità
Le informazioni ed i contenuti pubblicati non costituiscono in alcun modo una sollecitazione ad investire o ad operare nei mercati finanziari. Non sono inoltre fornite o supportate da TradingView. Maggiori dettagli nelle Condizioni d'uso.