$TSLA = Weekly Update = 21.05.2022 #TSLA $Tesla #Tesla

$TSLA is showing contradicting signals. From the candles perspective, it is in a free fall. However, TA and Elliott Waves suggest a possible reversal. Let’s have a quick look at the waves and indicators.

Elliott Waves

From EW perspective, this is an ideal motive wave down. Subwaves (i-v) are clearly motive, the wave breaks perfectly by Golden Section, the alternation among the waves, the ratios between the waves, the perfect channel and wave (v) ends with an Ending Diagonal. Even the wave timing is perfect. (Any further questions can be discussed on Discord.)
All above suggests that the wave has been completed and it is ready for reversal.

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This analysis is part of Weekly Series – US Indices, Cryptocurrencies, Commodities, Currency, and some Large Cap stocks – that can be fully viewed here.

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