TSLA Outlook: Corrective Rally Before Major Downturn
$Tesla Motors(TSLA)$ has topped, as warned to members on 02/09, but it holds a 5-wave diagonal structure at Weekly FVG support suggesting a corrective rally before escalating lower.
Lean is Tesla rallies from here to at least cross 325, with upside potential to 362-384. However, that zone should be the termination point to produce the next major wave down.
Ultimately, expecting this upcoming rally being the last chance $TSLA holders have to exit before crashing to 138-100 over the next 1-3 years.
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I think there is too much negativeness towards Tesla right now. Look at the recent sales announcements for the Chinese EV’s. Showing huge increases in sales whereas Tesla is teporting reversals.
And this is the same for European Tesla sales too. Down 50% !