Tesla(TSLA) going into corrective period

16 oct 2017

Hello all, Tesla is a stock that has been shooting up all throughout the year. Especially since its announced the new and up and coming model 3 that is will be out very soon. Charts do not lie and as you can see there is a basic elliot wave 1,2,3,4,5 wave pattern that occurred and we all know what happens after that.. the corrective A,B,C. which has already begun and I expect that it will continue for some time. It could last a couple of weeks until the Model 3 comes out which will send the stock sky rocketing because as technicians we know that markets move with the phycology of the mass and everyone and there mother are invested/going to want to invest in this company when the model 3 comes out. Supply and demand!! I will update this analysis come the next few weeks and lets see what happens. Should be a GREAT investment after the model 3 comes out, and could possibly break 400 after this?? thoughts?

Cheers!