TSLA setting up for extreme pain

8 Nov 2023

TSLA is expected to close up the gap around $243 in the near term to unfold its corrective cycle, rejection of $240-260 settling lower under $214 will likely see selling pressure intensify towards $160 area where the C-wave is expected to complete this whole A-B-C corrective phase, tactically is more prudent to wait for this extreme pain to initiate core position around $160 with a stop loss at $144, if my stops got triggered I will wait for revisit 2023 low to reinstate my core long