Tesla In A Bullish Triangle Pattern?!
Nov 8, 2023

TSLA

Despite recent slow down on TESLA due to an earnings miss, we still see limited weakness for wave C of a three-wave A-B-C corrective drop. It can be actually a higher degree wave (C) support of a larger bullish triangle pattern. An (A)-(B)-(C)-(D)-(E) bullish triangle can take some time to fully unfold waves (D) and (E) before we will see a bullish breakout, ideally at the end of 2023 or beginning of 2024.

Tesla In A Bullish Triangle Pattern?! TESLA Daily Chart
TESLA Daily Chart

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