Share:

Hello everyone. In today’s article, we will look at the past performance of the 1H Hour Elliott Wave chart of Tesla Inc. ($TSLA). The rally from 10.31.2023 low unfolded as a 5 wave impulse. So, we expected the pullback to unfold in 3 swings (ABC) and find buyers again. We will explain the structure & forecast below:

$TSLA 1H Elliott Wave chart 11.10.2023

Here is the 1H Elliott Wave count from 11.10.2023. The 5 waves rally from $193.86 peaked at blue (A) and started a pullback to correct it. We expected the pullback to find buyers at (B) in 3 swings at $212.13 – 204.70.

$TSLA 1H Elliott Wave chart 11.12.2023

Here is the 1H update from 11.12.2023 showing the bounce taking place as expected. The stock reacted higher after reaching the equal legs area allowing longs to get a risk free position. We expect the stock to continue higher towards 238 – 258 before a pullback can happen. Alternatively, if the stock is unable to break above $227 at blue (A) then a double correction lower can happen (WXY) before higher.

Share: Feed news

FURTHER DISCLOSURES AND DISCLAIMER CONCERNING RISK, RESPONSIBILITY AND LIABILITY Trading in the Foreign Exchange market is a challenging opportunity where above average returns are available for educated and experienced investors who are willing to take above average risk. However, before deciding to participate in Foreign Exchange (FX) trading, you should carefully consider your investment objectives, level of xperience and risk appetite. Do not invest or trade capital you cannot afford to lose. EME PROCESSING AND CONSULTING, LLC, THEIR REPRESENTATIVES, AND ANYONE WORKING FOR OR WITHIN WWW.ELLIOTTWAVE- FORECAST.COM is not responsible for any loss from any form of distributed advice, signal, analysis, or content. Again, we fully DISCLOSE to the Subscriber base that the Service as a whole, the individual Parties, Representatives, or owners shall not be liable to any and all Subscribers for any losses or damages as a result of any action taken by the Subscriber from any trade idea or signal posted on the website(s) distributed through any form of social-media, email, the website, and/or any other electronic, written, verbal, or future form of communication . All analysis, trading signals, trading recommendations, all charts, communicated interpretations of the wave counts, and all content from any media form produced by www.Elliottwave-forecast.com and/or the Representatives are solely the opinions and best efforts of the respective author(s). In general Forex instruments are highly leveraged, and traders can lose some or all of their initial margin funds. All content provided by www.Elliottwave-forecast.com is expressed in good faith and is intended to help Subscribers succeed in the marketplace, but it is never guaranteed. There is no “holy grail” to trading or forecasting the market and we are wrong sometimes like everyone else. Please understand and accept the risk involved when making any trading and/or investment decision. UNDERSTAND that all the content we provide is protected through copyright of EME PROCESSING AND CONSULTING, LLC. It is illegal to disseminate in any form of communication any part or all of our proprietary information without specific authorization. UNDERSTAND that you also agree to not allow persons that are not PAID SUBSCRIBERS to view any of the content not released publicly. IF YOU ARE FOUND TO BE IN VIOLATION OF THESE RESTRICTIONS you or your firm (as the Subscriber) will be charged fully with no discount for one year subscription to our Premium Plus Plan at $1,799.88 for EACH person or firm who received any of our content illegally through the respected intermediary’s (Subscriber in violation of terms) channel(s) of communication.

Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content


Follow us on Telegram

Stay updated of all the news

Join Telegram

Recommended content

Editors’ Picks

EUR/USD holds steady near 1.0800 ahead of Fed Minutes

EUR/USD holds steady near 1.0800 ahead of Fed Minutes

EUR/USD fluctuates in a narrow channel at around 1.0800 in the European trading hours on Wednesday after closing the fifth consecutive day in positive territory on Tuesday. The US Dollar stays resilient against its rivals and limits the pair's upside FOMC Minutes.

EUR/USD News

GBP/USD consolidates gains above 1.2600

GBP/USD consolidates gains above 1.2600

GBP/USD consolidates Tuesday's gains and trades above 1.2600 in the European session on Wednesday. The pair struggles to gain traction amid a resurgent US Dollar demand as risk sentiment turns sour. The focus now shifts to the Fed Minutes, BoE- and Fed-speak.

GBP/USD News

Gold stabilizes near $2,030, eyes on FOMC Minutes

Gold stabilizes near $2,030, eyes on FOMC Minutes

Gold clings to marginal daily gains at around $2,030 on Wednesday after closing the first two days of the week in positive territory. The benchmark 10-year US Treasury bond yield edges lower ahead of FOMC Minutes, helping XAU/USD hold its ground.

Gold News

Bitcoin is 23% away from ATHs, but retail is still not here, why?

Bitcoin is 23% away from ATHs, but retail is still not here, why?

Bitcoin’s journey so far has been nothing short of shocking. From ETF approval to countries warming up to crypto regulation, the crypto landscape seems to have changed quite a bit.

Read more

Fed Minutes Preview: Markets to scrutinize comments over timing of interest-rate cuts

Fed Minutes Preview: Markets to scrutinize comments over timing of interest-rate cuts

The Federal Reserve (Fed) will release the minutes of the January policy meeting on Wednesday. Investors will pay close attention to comments regarding the inflation outlook and the possible timing of a policy pivot.

Read more

Forex MAJORS

Cryptocurrencies

Signatures