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Tesla Inc., Elliott Wave Technical Analysis

Tesla Inc., (Nasdaq: TSLA): 4h Chart 11 January 2024

TSLA Stock Market Analysis: We have been looking at this down move into wave c for a while now as we continue to prefer an overall bullish count for the time being. In order to actively look for longs we need the top of wave b to be broken.  

TSLA Elliott Wave Count: Wave c of (ii).

TSLA Technical Indicators: Below all averages, volume starting to increase.  

TSLA Trading Strategy: Looking for longs after a break of b.  

Analyst: Alessio Barretta

Tesla Inc.,  TSLA: 1-hour Chart 11 January 2024

Tesla Inc.,  Elliott Wave Technical Analysis TSLA Stock Market Analysis: We are starting to see a series of overlapping wave within wave c which could make us think about an ending diagonal, as well as we are seeing RSI bullish divergence.  

TSLA Elliott Wave count:  Wave c of (ii).

TSLA Technical Indicators: Below all averages.

TSLA Trading Strategy: Looking for longs after a break of b.

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