TSLA – May 11, 2026

TSLA certainly looks like it wants to attack one more high THEN we need to start being very careful w/ TSLA as I can see 5 waves up.

Also, the most recent all time high, just doesn’t look and feel like that was a top … believe we have one more wave higher.

That being said, if the NASDAQ starts selling off, seems that TSLA will do the same.

Crucial week … either way, the SELL PATTERN on TSLA is approaching a little higher. A PERFECT overlaps of the ABCD projection, .618 retrace and 1.618 BC extension land right on top of each other. SHOULD BE RESISTANCE.

When we have a pattern w/ a lot of thrust approaching the level, it’s usually best to step aside and look for a signal reversal candle or a bearish engulfing pattern. Let’s see if the pattern is able to hold … or not.