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Tesla – Quick Update

Tesla recorded several major signals today, and together they may be strong enough to shape the next directional move.

In this analysis, we break down the probabilities, examine the evolving technical structure, and uncover what these signals may be telling us about Tesla’s next major step.

CANDLES

Tesla recorded several concerning signals today. It confirmed the loss of 8 EMA support, registered a 100/200 DMA death cross, and, most importantly, invalidated the impulsive structure to the upside.

While a bounce is still possible, a new lower low below the April low has now become highly likely. The next flag target lies in the $327–247 area, broadly aligning with the unchanged mid-term Elliott Wave expectations discussed in the previous April update: https://investingangles.com/067l

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ELLIOTT WAVE

Mid Term