Elliott Forecast - Elliott Wave View: Tesla (TSLA) Impulsive Rally Remains in Progress

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Elliott Forecast

Eric Morera

Elliott Wave View: Tesla (TSLA) Impulsive Rally Remains in Progress

Short Term Elliott Wave View in Tesla (TSLA) suggests the rally from 8.5.2024 low is in progress as a 5 waves impulse. Up from 8.5.2024 low, wave ((i)) ended at 264.86 and pullback in wave ((ii)) ended at 212.11. Stock then rallied in wave ((iii)) with subdivision as another impulse in lesser degree. Up from wave ((ii)), wave (i) ended at 273.54 and pullback in wave (ii) ended at 238.88. Stock then rallied higher again in wave (iii) towards 362.80 and pullback in wave (iv) ended at 302.7

Final leg wave (v) higher ended at 362.79. This completed wave ((iii)) in higher degree. Pullback in wave ((iv)) is now in progress to correct cycle from 10.23.2024 low before the stock resumes higher again. Internal subdivision of wave ((iv)) is unfolding as a zigzag Elliott Wave structure. Down from wave ((iii)), wave (a) ended at 334.4. Expect the stock to rally in wave (b) before it resumes lower in wave (c) to end wave ((iv)). Near term, as far as pivot at 238.85 low stays intact, expect pullback to find buyers in 3, 7, or 11 swing for more upside.

Tesla (TSLA) 60 Minutes Elliott Wave Chart

TSLA Elliott Wave Video
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Source:-forecast.com/news/elliott-wave-view-tesla-tsla-impulsive-rally-remains-progress/

27/11/2024 1 EN

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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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Elliott Wave View: Tesla (TSLA) Impulsive Rally Remains in Progress

Elliott Wave: Copper (HG) Impulsive Rally Signals More Upside

TRV Approaches Final Stage of Impulse Structure: Anticipating a Pullback

CRWD’s Leading Diagonal: Grand Super Cycle Points to More Upside

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