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Elliott Forecast

Eric Morera

Elliott Wave View: Tesla (TSLA) Shows an Impulsive Rally

June 1, 2022 By

Short Term Elliott Wave View in Tesla (TSLA) suggests cycle from 11/4/2021 peak ended at 617.20 as wave (II). The stock should now either start the next rally in super cycle wave (III) or else do a 3 waves rally at least. The rally from wave (II) low looks impulsive. Up from wave (II) low, wave 1 ended at 669.32 and pullback in wave 2 ended at 640. Wave 3 ended at 778.80 with internal subdivision as 5 waves in lesser degree.

Up from wave 2, wave ((i)) ended at 724.89 and pullback in wave ((ii)) ended at 708.65. The stock extends higher again in wave ((iii)) towards 775.78, pullback in wave ((iv)) ended at 765.20, and final leg higher wave ((v)) ended at 778.80. Stock is now pulling back in wave 4 with internal subdivision as a zigzag. Down from wave 3, wave ((a)) ended at 734.23, and rally in wave ((b)) ended at 778.10. Expect wave ((c)) lower towards 706 – 733 to complete wave 4 before the rally resumes. Near term, as far as 5/25/2022 low pivot at 617.20 remains intact, expect pullback to find support in 3, 7, or 11 swing for further upside.

TSLA 30 Minutes Elliott Wave Chart

Tesla (TSLA) Elliott Wave Video

Source:-forecast.com/news/elliott-wave-view-tesla-tsla-shows-impulsive-rally/

#elliottwave #trading #tesla #TSLA

01/06/2022 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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