TSLA - the expected impulsive drop to complete a corrective wave [ B ] down has finally started
Last time I posted a chart of TSLA I warned that the rally was a corrective one and it does not have legs to go much higher.
Two months have passed since that post and my view has not changed at all.
TSLA - Daily chart updated on 1 November 2018
This move down ( look at the last updated chart below ) looks like a start of a large decline which may bring prices down to at least to 228 – 208. However, there is an extreme bearish scenario where that wave C down may target 176.4 % extension of the wave A meaning that the drop may extend to $135.
TSLA - Daily chart updated on 20 December 2018
