Tesla - Is this ED concluding soon?Tesla, Inc.BATS:TSLATSuthLooking at the price action that has been unfolding for the last month and a half, I believe we're watching the final movements of an ED lower. You can easily count three waves in each impulsive wave. In what I am calling wave (5), I can clearly count 3-waves lower. This means that this pattern could come to a conclusion at any time if we are in fact within an ED. We also have positive divergence from 09 June which would support a move higher for (b). That (b) wave, (which is not on the screen currently) points to the $415-$430 area. Also not on the screen, are my two ALT counts that I am carrying. So do not forget about them just because you cannot see them on this micro chart. I believe this thing is not quite down to the downside. It is most likely targeting either the 1.382 @ $363.03, or the 1.618 @ $348.93. We just have to wait and see, but the way I see it, (b) should ideally be kicking off within the next week or two at the latest.