TSLA completed WXYXZ correction (Wave 4 on 1H) ready for Wave 5?
We have had a complex WXYXZ correction on TSLA since January 8th and I believe may have completed its course finally with a ABCDE Triangle Correction in extended trading on January 20th. In this 15M view I map out each of the correction waves. WY and Z are counter impulse. X and X track with the impulse. Wave 4 correction should be .318 to .5 of the timeframe of Wave 3. Given that we are right in ideal timeframe to begin Wave 5.
TSLA tends to have an equal length Wave 1 and 3 impulses. based on that I see a price target of 960-1000 for Jan 26
TSLA tends to have an equal length Wave 1 and 3 impulses. based on that I see a price target of 960-1000 for Jan 26
