Elliott Forecast - Elliott Wave Looking for New Impulsive Rally in Tesla (TSLA) | ResearchPool

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Elliott Forecast

Eric Morera

Elliott Wave Looking for New Impulsive Rally in Tesla (TSLA)

Short Term Elliott Wave in Tesla (TSLA) shows an from 4.22.2024 low. Up from 4.22.2024 low, wave (1) ended at 198.87 and pullback in wave (2) ended at 167.41. The stock then nested higher in wave (3). Up from wave (2), wave 1 ended at 191.08 and dips in wave 2 ended at 176.92. The stock then rallies higher in wave 3. Internal subdivision of wave 3 unfolded as another impulse in lesser degree. Up from wave 2, wave ((i)) ended at 188.95 and pullback in wave ((ii)) ended at 179.66.

From wave ((ii)) low, the stock nested higher again within wave ((iii)). Up from wave ((ii)), wave i ended at 188.8 and wave ii pullback ended at 182.01. Wave iii rally ended at 198.72 and pullback in wave iv ended at 194.05. Final leg wave v ended at 203.2 which completed wave (i). Pullback in wave (ii) ended at 195.26. Up from there, wave i of (iii) ended at 213.19 and wave ii of (iii) ended at 202. Wave iii higher ended at 231.15 and dips in wave iv ended at 225.87. Near term, as far as pivot at 176.48 low stays intact, expect pullback to find buyers in 3, 7, or 11 swing for further upside.

Tesla (TSLA) 45 Minutes Elliott Wave Chart

TSLA Elliott Wave Video

Source:-forecast.com/news/elliott-wave-looking-new-impulsive-rally-tesla-tsla/

03/07/2024 1 EN

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Elliott Forecast

Elliott Forecast

Elliottwave-Forecast.com (by EME PROCESSING AND CONSULTING LLC) was founded in 2005 by Eric Morera. Since inception our company has provided tailored Financial Market Services to thousands of clients. ElliottWave-Forecast has built a reputation on accurate technical analysis and a winning attitude. By successfully incorporating the Elliott Wave Theory with Market Correlation, Cycles, Proprietary Pivot System, we provide precise forecasts with up-to-date analysis for 52 instruments including FX majors, Gold, Silver, Copper, Oil, TNX and major Equity Indices. Our clients also have immediate access to our proprietary Actionable Trade Setups, Market Overview, 1 Hour, 4 Hour, Daily & Weekly Wave Counts. Weekend Webinar, Live Screen Sharing Sessions, Daily Technical Videos, Educational Resources, and 24 Hour chat room where they are provided live updates and given answers to their questions.

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Eric Morera

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