Wolfe Wave No 5 to hit 360 USD

2019年5月6日

Tesla is looking very promising. After trading 5 days at the 61,8 Fibonacci support based on the weekly chart, it bounced back nicely lately with first target to hit the upper trend channel line around 270 USD but then to rally towards over 360 USD to complete the 5th Wolfe Wave. Fundamentals not really supporting the massive uptrend move, but Elon know best.
On the other hand, everything below 232 USD end of day is surely a short trade.


Happy trading
TC24