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Mentorship

Mentorship

Tesla

10 Mar 2021 ‚óŹ 12:27 PM

In the case of Tesla, we need to decide whether the recent top as wave 5 of the one-year rally or only wave 1 of 5. In the 1st scenario, it would mean a long-run consolidation before we can look for another move higher. In the 2nd scenario, we may start wave 3 of 5 towards 1253 over the next couple of months. The recent low of 540 is a little more than 66% retracement of the last rally and to that low holds, we may look to the upside.

In the case of Tesla, we need to decide whether the recent top as wave 5 of the one-year rally or only wave 1 of 5.

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