Tesla Stock (TSLA) Elliott Wave Forecasting the Path
Hello fellow traders. In this technical article we’re going to look at the Elliott Wave charts of Tesla Stock ( TSLA ) published in members area of the website. As most traders probably know, the stock is in an overall bullish trend. However, in the short-term cycle from the 488.78 peak, the price has formed a lower lows structure. In the following text, we will explain the Elliott Wave forecast in more detail.
TSLA Elliott Wave 1 Hour Chart 01.30.2025
Tesla stock is showing incomplete sequences in the cycle from the 488.78 peak. The break below the January 2nd low suggests that the cycle from the 488.78 peak is incomplete, indicating potential weakness in the near term. TSLA is targeting the 323.98 – 252.46 area, where we would like to be buyers again.
Let’s analyze the price structure further.
We can observe a clear 5-wave structure in the cycle from the 439.74 peak. A 3-wave bounce in the ((b)) recovery is expected. We anticipate another leg up in (c) before a decline takes place.
We do not recommend forcing trades at this stage. The strategy is to wait for the extreme zone to be reached before considering buying the stock again.
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TSLA Elliott Wave 1 Hour Chart 02.12.2025
Tesla stock made another leg up in the proposed recovery, completing it at the 419.96 high. After the correction ended, the price continued to decline, reaching new lows. It is now approaching our target area of 323.98–252.46. ( buyers zone)
Remember, the market is dynamic, and the presented view may have changed in the meantime. For the most recent charts and target levels, please refer to the membership area of the site. The best instruments to trade are those with incomplete bullish or bearish swing sequences. We put them in Sequence Report and best among them are presented in the Live Trading Room
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Source:-forecast.com/stock-market/tesla-stock-tsla-elliott-wave/