{lang: 'en-US'} June 2014 ~ ElliottFxTrader Blog

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Tuesday, 17 June 2014

Tesla Motos $TSLA H1 and M15

General Overview for 17/06/2014:

There is a cleat impulsive bullish wave progression on hourly chart and more upside price targets are expected here. Currently the stock is in corrective decline after hitting 300% of wave 1 expansion.
Nevertheless, it is hard to say right now whether the current development is a part of some ABC pattern or it is a clear, new impulsive wave progression to the upside.

235.00 - Wave 3 High
223.00 - Target for wave 4
215.00 - Technical Support

Trading Recommendations:
Buy the dips into 223.00 low.

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