- Tesla has historically traded at high valuation multiples—and still does. But since its investor base is driven by excitement for the future and a love for innovation, it's unclear how much those valuation metrics really matter.
- After the first higher low structure following a corrective price wave, Tesla surged as much as 227.60%, before facing selling pressure. We're now tracking the second impulsive wave's retracement, particularly the 61.8% and 78.6% Fibonacci levels.
- Trying to catch the bottom at these levels is pointless. It's better to wait for 2–3 green Heikin Ashi candles and confirmation that these levels are holding.
- Current positions can be held. If you want to sell, go ahead—but remember this: No one has stayed optimistic about Tesla for more than two months. So, there's no need to panic.
- After the first higher low structure following a corrective price wave, Tesla surged as much as 227.60%, before facing selling pressure. We're now tracking the second impulsive wave's retracement, particularly the 61.8% and 78.6% Fibonacci levels.
- Trying to catch the bottom at these levels is pointless. It's better to wait for 2–3 green Heikin Ashi candles and confirmation that these levels are holding.
- Current positions can be held. If you want to sell, go ahead—but remember this: No one has stayed optimistic about Tesla for more than two months. So, there's no need to panic.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.