TSLA – January 20, 2023

Potential major bottom for TSLA.

There is a high probability that we have bottomed in the 4th wave and the next wave higher for TSLA is just starting. We can go all the way down to, basically, 20/share and still have a valid count but two things came together nicely PRICE AND TIME to make me think this is a “first” opportunity to get long TSLA.

Folks, if we are long down here in the low 100’s our target will ultimately be above 420. So, be judicious w/ your position size and don’t get greedy. There will be a LOT of gyrations …

If we go below the low around 100 then stop out and we’ll look to try again but for now – believe a bottom is in place for TSLA and a nice risk:reward investment is presenting itself.

RANGE SQUARE OUT

Above you will see the concept of a “square out” w/ TSLA. You can “square out” a high, a low or a range.

From our vantage point PRICE and TIME are just numbers and are equal and interchangeable. Inflections up or down occur when PRICE = TIME or PRICE and TIME are equal harmoniously.

From the IPO price we went a total of 414 points higher. PRICE.

From the ATH DATE of 11/04/2021 we simply add 414 calendar days and that date is 12/23/2022.

Additionally, this entire RANGE square out happened right around the date the BUY PATTERN completed.

Hence, believe we have an important low in place w/ TSLA.

Good weekend to everyone.

Bart

Author: BART

BART is a CMT and an expert a "advanced" pattern recognition used w/in the intermarket analysis discipline. He's also an accomplished Business Development Executive providing solutions to a myriad of business markets.

One thought on “TSLA – January 20, 2023”

  1. I am grateful for your analysis. In the near future can you look at Gold. I am looking at adding to my 401K. Thank you very much. Nancy Alasia

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