TSLA – Expanding Diagonal in Progress

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TSLA – Expanding Diagonal in Progress Tesla, Inc.BATS:TSLAmsezngTesla (TSLA) appears to be forming an Expanding Ending Diagonal pattern on the 1-hour chart, suggesting the final stages of a larger impulsive structure. Wave (V) seems to be unfolding with internal subdivisions visible, possibly targeting the 1.618 Fibonacci extension near 505 before a sharp reversal. Key observations: Structure resembles a textbook expanding diagonal (5-3-5-3-5). Wave 4 found support near the lower trendline. Wave 5 projection aims toward the 500–505 area. Expecting a potential pullback or reversal once the diagonal completes.