Tesla Inc.(TSLA:NASDAQ) Elliott Wave Technical Analysis 18 October 23

[tradinglounge]

Tesla Inc., Elliott Wave Technical Analysis

Tesla Inc., (TSLA:NASDAQ): 4H Chart, 18 October 23

TSLA Stock Market Analysis: We have been looking for a series of ones and two to then accelerate to the upside. The alternate count consists of a sideways wave 4 to pair up with wave 2 and invalidation would stand south of 205$. At this point we are looking for a bottom in wave ii with invalidation at 234$.

TSLA Elliott Wave Count: Wave {iii} of 3.  

TSLA Technical Indicators: 20EMA as support.

TSLA Trading Strategy: Looking for upside into wave iii of (iii) to start moving soon.  

TradingLounge Analyst: Alessio Barretta

 

 

 

 

Tesla Inc.,  TSLA: 1-hour Chart, 18 October 23

Tesla Inc.,  Elliott Wave Technical Analysis
TSLA Stock Market Analysis: We are looking at a potential bottom in wave ii. It is worth noticing that the subwave structure of wave (ii) with a short wave a and a clear five wave move in c looks the same as the subwave structure of wave ii.  

TSLA Elliott Wave count:  Wave ii of (iii).

TSLA Technical Indicators: 200EMA as support.

TSLA Trading Strategy: Looking for upside into wave iii.

[MongiIG]

All the best - MongiIG