8 Jul 2020 ● 06:41 AM
I ended up taking a closer look at Tesla, for the pattern that is from since its breakout from to your consolidation range the move up started in June 2019. The monthly chart would make this look like a 5 wave move but I think the initial structure is a triangle up to September as marked by the blue lines. Then the entire rally into Jan 2020 this wave 1 and the deep correction as wave 2. We are then in a 3rd wave that may have many more legs to go as the 3rd wave a subdividing into a larger 5 wave structure. Within that we may have started major wave III where III=I= 2705. The stock is seen a crazy rally and have everyone's attention, it may also be a good indicator of the sentiment and bubble around tech stocks. So it makes sense to keep an eye on it.