The Weight Of Evidence Is Building For A Significant Drop In Tesla

May 27, 2022 11:42 AM ETTesla, Inc. (TSLA) StockTSLA717 Comments
Justin Ward
3.1K Followers

Summary

  • This technical analysis article is about Tesla's lower low third wave breaking.
  • There's a wave one 1242-708 and wave two 708-1152.
  • There's a wave three breakdown from 1152 through 708.
  • There's a lower low three wave pattern under 708 support within the daily structure.
  • The target for Tesla is $176.

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Tesla's (NASDAQ:TSLA) third wave has broken through in the current three wave pattern, with a focus on wave three replicating wave one to land at $176.

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This article was written by

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Analyst’s Disclosure:I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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