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Tesla is currently one of the weakest single stocks, but looking at the daily wave structure we can see it approaching interesting support based on two different interpretations. As a primary count it can be unfolding a leading diagonal into wave (A) from the highs, now finishing final subwave 5 that can stop at the lower red line. As a secondary count, there’s a chance that Tesla is already finishing an A-B-C correction from the highs, now in the final stages of wave C. Well, the beauty of analysis is when you have two different counts, but both indicate in the same direction, so be aware of bounce and recovery at least in three waves soon, ideally in 2023.

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