Tesla (TSLA) is forming a potential Wave 4 correction that aligns with an ABC harmonic structure. Price action suggests a possible deeper retracement into the 0.5–0.618 Fibonacci support zone (436–449 area) before resuming its larger uptrend.
If Wave 4 completes near the harmonic “D” zone (highlighted support box), the next leg higher could target the 1.236–1.414 Fibonacci extensions around 488–501, in line with Wave 5 projection.
Key levels to watch:
Support: 436.9 (0.618 retrace), 425 psychological, 397 strong support.
Resistance: 444.7, 470.8 (previous high), 501–505 (Wave 5 target).
Bullish scenario: Wave 4 completes soon, leading to a strong Wave 5 breakout towards 500+.
Bearish scenario: Breakdown below 425–397 support could invalidate the bullish count and extend correction lower.
The other possibility is that it is actually unfolding a flat correction in Wave 4 after completing Wave 3 near the recent high. The structure suggests price may continue to consolidate within the corrective channel before setting up the next impulse leg.
Bullish scenario: Flat correction completes, setting the stage for Wave 5 rally toward 490–505.
Bearish scenario: Breakdown below 397 invalidates the bullish count and signals deeper retracement.
If Wave 4 completes near the harmonic “D” zone (highlighted support box), the next leg higher could target the 1.236–1.414 Fibonacci extensions around 488–501, in line with Wave 5 projection.
Key levels to watch:
Support: 436.9 (0.618 retrace), 425 psychological, 397 strong support.
Resistance: 444.7, 470.8 (previous high), 501–505 (Wave 5 target).
Bullish scenario: Wave 4 completes soon, leading to a strong Wave 5 breakout towards 500+.
Bearish scenario: Breakdown below 425–397 support could invalidate the bullish count and extend correction lower.
The other possibility is that it is actually unfolding a flat correction in Wave 4 after completing Wave 3 near the recent high. The structure suggests price may continue to consolidate within the corrective channel before setting up the next impulse leg.
Bullish scenario: Flat correction completes, setting the stage for Wave 5 rally toward 490–505.
Bearish scenario: Breakdown below 397 invalidates the bullish count and signals deeper retracement.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.