Today doesnt change a thing

Today Tesla made a slightly new local high in it's sub-wave 2 of wave 5. This is still a 3-wave zig-zag correction. Tomorrow should start down and continue down for our sub-wave 3. There is still a possibility to make another new local high, but it is unlikely in my opinion. As you see on the chart, Tesla came right up to the 0.236 Fib line of sub-wave 1 and turned around to head back down. 0.236 is a common end point for 2nd waves and is why I think we will be headed down for new local lows tomorrow. Like I said in my previous post I would like to see Tesla extend down to the 2.618 Fib line of sub-wave 1 @ about $189-190. This would set us up for an ending to Wave 5 around $184. I have tested this thesis a number of different ways and keep coming back to $184 being our most probable low before heading up to new highs. I believe with all the new tech and everything Tesla is doing we will see it reach $500 in the next couple years easy. If they play their cards right and are able to keep expanding and breaking into new sectors, Tesla could extend all the way up to $800+.

Good luck to all and let's wait to see what tomorrow brings!

--Tyler