Elliott Forecast - Tesla (TSLA) 5 Swing Sequence Favors Upside

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Elliott Forecast

Daud Bhatti

Tesla (TSLA) 5 Swing Sequence Favors Upside

Short Term Elliott Wave in Tesla (TSLA) shows that the rally from 8.18.2023 low is in progress as a . Up from 8.18.2023 low, wave (1) ended at 278.99 and dips in wave (2) ended at 234.58. The stock has turned higher in wave (3). Up from wave (2), wave ((i)) ended at 254.77 and pullback in wave ((ii)) ended at 239.35. The stock resumed higher in wave ((iii)) towards 263.6 and dips in wave ((iv)) ended at 250.65.

Wave ((v)) is in progress as another impulse in lesser degree. Up from wave ((iv)), wave (i) ended at 261.65 and pullback in wave (ii) ended at 252.05. Expect the stock to extend higher 1 more leg to end wave (iii), then it should pullback in wave (iv) before it resumes higher again in wave (v) to complete wave ((v)) of 1 in higher degree. Afterwards, it should pullback in wave 2 to correct cycle from 9.28.2023 low before it resumes higher again. Near term, as far as pivot at 234.55 low stays intact, expect pullback to find support in 3, 7, or 11 swing for further upside.

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11/10/2023 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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Daud Bhatti

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Tesla (TSLA) 5 Swing Sequence Favors Upside

Elliott Wave Expects Silver (XAGUSD) Pullback to Find Support

Elliott Wave Analysis on SPX Looking to Extend Higher in Impulsive Structure

Ethereum (ETHUSD) : Incomplete Sequences Calling the Decline

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