Tesla In A Bullish Triangle Pattern?!

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.

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Author: Travis Esquivel

Travis Esquivel is an engineer, passionate soccer player and full-time dad. He enjoys writing about innovation and technology from time to time.

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