Primary Scenario
At this stage, we see TSLA in an interim correction that still has further downside potential in the near term. After reaching the associated low, price should reverse and resume the ongoing upward impulse.
Alternative Scenario
In our alternative scenario, price would make another move higher before the interim correction resumes (probability: 40%). Any short-term gains, which may have already started since the last interim low, would in this case remain capped below resistance at $498.83.
At this stage, we see TSLA in an interim correction that still has further downside potential in the near term. After reaching the associated low, price should reverse and resume the ongoing upward impulse.
Alternative Scenario
In our alternative scenario, price would make another move higher before the interim correction resumes (probability: 40%). Any short-term gains, which may have already started since the last interim low, would in this case remain capped below resistance at $498.83.
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.