TSLA: Deep unwind to 100–or is it?Tesla, Inc.BATS:TSLAasymmetric_patternsWhile textbook Elliott Wave theory suggests a full retracement to the diagonal's origin (near $100), I think it's important to combine Elliott Wave theory with the company's fundamental evolution to arrive at a more realistic expectation. Valuation Floor Tesla is a fundamentally stronger, more mature business today than it was in 2018. A "full" retrace to historical lows is less likely than a move to a new, higher support base. Liquidity Traps The 0.618 Fibonacci level (~$186) is a common support target for many retail traders. I suspect this will act as a liquidity sweep rather than a floor. The 0.786 Defense We've seen this ending diagonal pattern once before for Tesla between 2016-2018. During that time, the retracement was close to the 0.786 Fibonacci level. So for the upcoming decline, I am watching the same level (~$143) as the critical "line in the sand". If this terminal pattern confirms, I am looking for a retracement into the $143–$186 range. I’ll be watching for how price interacts with the lower trendline in the coming sessions.