This chart highlights multiple harmonic and Elliott structures aligning for a potential bullish extension in Tesla (TSLA). A well-defined ABCD pattern and 3-Drive pattern suggest momentum building toward the $500 zone, supported by Fibonacci projections and channel resistance.
The current wave structure points to an imminent 5-wave advance, likely completing the “Drive 3” and pattern D confluence area near $500–505. Following that move, a corrective pullback (ABC) is anticipated, possibly retesting prior support near $440–400.
Key elements featured:
ABCD completion zone: around $500
3-Drive pattern: confirming exhaustion at upper trendline
Elliott 5-wave projection: short-term bullish continuation
Possible corrective phase: after the final wave up
📈 Watching for confirmation of Wave iii and potential exhaustion signals near $500 before considering downside setups.
The current wave structure points to an imminent 5-wave advance, likely completing the “Drive 3” and pattern D confluence area near $500–505. Following that move, a corrective pullback (ABC) is anticipated, possibly retesting prior support near $440–400.
Key elements featured:
ABCD completion zone: around $500
3-Drive pattern: confirming exhaustion at upper trendline
Elliott 5-wave projection: short-term bullish continuation
Possible corrective phase: after the final wave up
📈 Watching for confirmation of Wave iii and potential exhaustion signals near $500 before considering downside setups.
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.