Yesterday I wrote this about todays price action on TSLA
1) Relief tomorrow to set up the next leg down or 2) Not done with the wave 3 to the downside
I think I was right on both takes... Reason being the day started with an immediate dump at open. Like a 25 point dump in the first 15 minutes. Then there was a bit of a breakout fakeout followed by a bunch of choppiness until the last few hours of the day.
So my thought process is this:
1) TSLA finished its wave 3 to the down side and started wave 4 corrective, which could lead to a next leg down on wave 5 to 660's.
2) We still could reach around 700 for relief to finish a wave 4 corrective.