Tesla (TSLA) Update
Our expectation is clear.
In our previous analysis, we outlined two possible scenarios for Tesla: one implying a bullish outlook, and another presenting a bearish path in the short to medium term, but ultimately leading to a bullish outcome in the long run.
At this stage, we have defined our expectation and are prioritizing the bearish scenario as our primary outlook for Tesla.
Within this framework, we anticipate that Tesla is still in a long-term corrective phase, forming green wave 2. We expect this correction to extend below the level of $101.81 before reaching completion.
For the final phase of this correction, we have identified a Fibonacci retracement zone in which we expect the market to regain strong and sustainable long-term bullish momentum. This zone is defined as follows:
- 78.6% at $88.88
- 88.7% at $46.93
Within this zone, we expect the entire correction—green wave 2—to terminate, after which the stock should begin forming new impulsive waves to the upside, initiating a long-term sustainable uptrend as part of green wave 3.
From a strategic perspective, this Fibonacci retracement zone represents a prime opportunity to buy or accumulate the stock at significantly discounted price levels. However, in the short term, this scenario implies a substantial price decline, with elevated bearish potential before a transition into a long-term bull market occurs.
If any structural changes occur or Tesla reaches and activates our defined Fibonacci retracement zone, we will update you immediately.
Kind regards,
Monalytics
DISCLAIMER: The content on this website, including charts, analyses, and recommendations, is for informational purposes only and does not constitute financial, investment, or professional advice. Trading and investing involve risk. You should consult a qualified financial advisor before making any investment decisions.
