TSLA about to complete 5 waves at 625, looking to retrace

30 nov 2020

Wave 1 traced to .786 in march during the peak of Covid, followed by huge push up with a wave three to 497. Wave 4 looked like a bullish pennant, which we broke out of and we are reaching ATH and 600 today. Wave 5 is targeting the 1:1 extension of the first wave off the peak of the wave 4 pennant, which would land at ~625. Looking for a retracement to 50%-61.8% around 316-323, or if we are very bullish a trreackment to the .382 at 383.