The market is pivoting at the higher long term target. I think TESLA should cool off now and retest the support @50% replacement.
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I guess it's going for the 2nd target at $624. Daily RSI is showing divergence even though the price is going up. MACD is about to cross for a potential trend change.
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This really skyrocketed. I hoped for a correction at the first target(green line) which would have been more healthy for TESLA. The correction is imminent at the third target - somewhere in the upper box - completing wave 3.
updated chart:
updated chart: