For Traders

Analytical Reviews

Wave analysis

26.01.202308:38 Forex Analysis & Reviews: Elliott wave analysis of Tesla for January 26, 2023

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

Tesla has seen a correction just as we predilected in our article from January 10th. The rally to 144 could be enough, but we are not blind to the possibility of this correction being prolonged closer to 169 before completing and setting the stage for the final decline towards our ideal target near 97.98. This final dip should complete wave 4 and set the stage for a test to move higher in wave 5 which ultimately should eclipse the peak of wave 3 at 414.50. For now, we are interested in locating the termination point of wave 4/ to set the stage for the final dip in wave 5/ of 4.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.