TSLA Weekly Chart
TSLA was in a downward channel since November 2021 (red channel). It has been in an upward channel since January 2023 (yellow channel).
Volume during the uptrend which started in January 2023 has been nearly double than during the downtrend which started in November 2021.
During the downtrend, TSLA formed an equal wave (Elliott corrective wave), AB = CD.
In view of above, I'm optimistic on TSLA. It may make small moves downwards but will reach the last high of November 2021 in 2024 if there's a soft landing recession.
TSLA was in a downward channel since November 2021 (red channel). It has been in an upward channel since January 2023 (yellow channel).
Volume during the uptrend which started in January 2023 has been nearly double than during the downtrend which started in November 2021.
During the downtrend, TSLA formed an equal wave (Elliott corrective wave), AB = CD.
In view of above, I'm optimistic on TSLA. It may make small moves downwards but will reach the last high of November 2021 in 2024 if there's a soft landing recession.