TSLA marching upwards to new highs likely in the range 434-615

in #money6 years ago

Here's my chart on TSLA -- the 5th wave, in Elliot wave terminology, seems to be an "ending diagonal" that is usually seen when the previous price action has gone "too far too fast" according to R. N. Elliot.

In this scenario, the targets for the end of the upwards trend are in the range 434-615. When ending diagonals complete, price moves swiftly to where they started, which is in the 150 dollar range.

TSLA - Primary Analysis - May-15 2335 PM (3 day).png

Note: you can right-click and open charts in new tab to see them at full size -- they are quite large and clearer.

Hope this chart is/will be useful.

Thank you!.png