Hello traders, Tesla in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
We preferred to do the logarithmic wave count.
But because the structure of the previous waves was not clear, we removed it from this state.
Based on the count that was done and according to the drawn channels, we realized that waves 1, 2, 3 and 4 are complete and now we are inside wave 5.
Wave 5 created its first microwave by breaking the purple channel ceiling and is now modifying wave 2.
Wave 2 correction is far from expected to be in the 980 range, and after wave 2, wave 3 will move as much as wave 1.
Wave 5 is likely to form a leading triangle.
If the price crosses 980, the structure will change.
ðIf you have an idea that helps me provide a better analysis, I will be happy to write in the commentsð
âĪïļPlease, support this idea with a like and comment!âĪïļ
We preferred to do the logarithmic wave count.
But because the structure of the previous waves was not clear, we removed it from this state.
Based on the count that was done and according to the drawn channels, we realized that waves 1, 2, 3 and 4 are complete and now we are inside wave 5.
Wave 5 created its first microwave by breaking the purple channel ceiling and is now modifying wave 2.
Wave 2 correction is far from expected to be in the 980 range, and after wave 2, wave 3 will move as much as wave 1.
Wave 5 is likely to form a leading triangle.
If the price crosses 980, the structure will change.
ðIf you have an idea that helps me provide a better analysis, I will be happy to write in the commentsð
âĪïļPlease, support this idea with a like and comment!âĪïļ