Projected Price Path for TSLA
TSLA hit a new 5 month low at 193.81 in today's pre-market trading, which was NOT confirmed by my 4-hour Momentum gauges (see my attached 4-Hour Chart), and as such, is nearing or is at a condition of corrective exhaustion.
That said, my pattern work continues to indicate that unless TSLA strength chews through resistance starting at 202.50 that extends up through 214.80, I cannot rule out one more loop lower beneath 193.81 into the 185-190 target zone, from where my pattern work will expect a powerful upside reversal signal... Last is 199.27