Market Outlook Example Modal Window

Tesla Is Ready For Its next Leg Down

Medium Term
Very Bearish

Tesla made its 90200 high in a perfect 5 waves up. Since then it has declined in a smaller degree 5 wave drop and then corrected sideways. That correction has now completed so we should see a 5 wave drop from here to 33,000. Tesla led the bubble on the way up ,and we believe is leading the bubble's collapse on the way down.

Sell 100% @68000 with 75,000 stop