DoujinStars
The Long Investor
The Long Investor

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$TSLA TOP 20

$TSLA is taking its time moving down to the 0.38 Fib meaning that bulls are stepping in but I believe a new low will be made first before this can happen, so a break below $373 is possible next.

Once this happens then we have a straightforward 3 wave pull back....a test of the 0.38 Fib at $355 would be perfect and holding but bulls are certainly present here

Fans of $TSLA should be watching this closely

A lower low followed by a bounce and break above the yellow trend line and the reversal is on and Wave 5 for me.

$TSLA TOP 20

Comments

If this stays above 373, do we initiate a buy? Or continue to wait?

Joel


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