Tesla - Price is in the target box as expected

TradingView2026/05/12 10:42

By:TradingView

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Price raised into the target box today officially hitting the minimum needed for minor B to be considered standard. Looking at the pattern, I do not feel the upside is done yet. To me, it appears to need at least one more 4&5, possibly even two more. Remember, the 1.382 & 1.618 are the two most common targets for an abc move. If we need one more 4&5, then I imagine the 1.382 would be a good spot for completion. If it still has two more in store, then the 1.618 seems more realistic. Either way, stops should be tightened to protect profits.

Should price make it to the 1.618 area @ $480.58, then shorts could be considered with stops in place. Time will tell, for now though, we need to be on the lookout for clues of a top forming.

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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Tesla - Price is in the target box as expected

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