Tesla In A Bullish Triangle Pattern?!

Tesla can be trading in a bullish triangle pattern from technical point of view and from Elliott wave perspective.

Despite recent slow down on TESLA (TSLA) due to an earnings miss, we still see limited weakness for wave C of a three-wave A-B-C corrective drop. It can be actually a higher degree wave (C) support of a larger bullish triangle pattern. An (A)-(B)-(C)-(D)-(E) bullish triangle can take some time to fully unfold waves (D) and (E) before we will see a bullish breakout, ideally at the end of 2023 or beginning of 2024.

(Click on image to enlarge)

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