Tesla, Inc.

Tesla Update: 01/18/2024

579
Did we finally bottom in this move down? Is it just the a wave or the entire abc? These are the questions I find myself asking this morning. I think this has all been wave a as I have said in previous posts due to MACD, but we don't have confirmation yet. We have hit with-in the target box, hit the 1.0 fib, and made a new low on positive divergence. These are all great signs we should be moving up.

As of now we have a mini-5-wave start from the bottom and only need OMH to complete what I call a full 5-wave count. Then we will need a 3-wave retrace before taking off. One thing I can finally say after falling for the last three weeks...price action looks promising. Let's see what clues today brings.

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