Tesla

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TeslaTesla, Inc.BATS:TSLATSuthIf you recall, last week I mentioned that I think Tesla gives us another high before it is all said and done. That would complete what I am calling an ED to finally finish off intermediate wave (B). Currently, price is trading @ $434.32 in the overnights according to Robinhood. This creates the new high I was looking for, and if correct, would conclude this move higher. Also, if this is an ED, then once it finally completes, it will move swiftly towards the $400-$405 area as that is where it started. That move lower would be considered the start of wave (C) and would either be wave a, or the start of wave 1. In short, I believe the high we got in the overnights should be the last leg of this move higher. Rather it finishes tomorrow or sometime in the upcoming week, I do believe this move higher is finally coming to an end. If this is correct, it would be a good area to short the stock...with stops of course. The ALT that I am watching for is that this high we're getting now in the overnights is just the last leg of micro-wave 3 with 4 & 5 yet to come. The strength in which it moves lower after completion will answer that question for us. A swift move to the above-mentioned price level = completion. A choppy lackadaisical move lower would likely mean the turquoise count is coming to fruition.