TSLA 2026 – Elliott Wave setup into potential Wave 5 extensionTesla, Inc.BATS:TSLAInvestorRod Current structure suggests a completed Wave 4 near 364, with price attempting to resuming trend higher. The key level to watch is the prior Wave 3 high around 498, which acts as the first major resistance. If momentum continues and market conditions remain supportive, the most probable path is a Wave 5 push toward the 530–550 zone. This aligns with a typical extension scenario where Wave 5 marginally exceeds Wave 3. If momentum accelerates, a secondary extension target sits in the 575–600 range. From a risk perspective, the setup remains valid while price holds above the Wave 4 low. A break below 364 would invalidate the current count and suggest a deeper corrective structure. Key levels: • Resistance: 498 → 540 area • Extension target: 575–600 • Support / Invalidation: 364 • Current bias: bullish continuation into Wave 5 As always, this is a probabilistic framework, not a prediction. Manage risk accordingly.