Technical analysis by Maddox_Metrics about Symbol TSLAX on 11/1/2025

Tesla sentiment was very negative in April as Trump and Elon argued online causing a lot of whipsaw volatility and scaring out investors. The bottom quickly followed. Price is ranging below all time high. Price is above the weekly pivot and 200EMA which is bullish and has momentum. Wave © of C appears to be underway into price discovery with a target of $693 the R2 weekly pivot. This is because it has been printing a series of 3 wave structures. Wave B printed a triangle which is a pattern found before a terminal move reinforcing the Elliot wave count. 🎯 Terminal target for the business cycle could see prices as high as $690 based on weekly pivots 📈 Weekly RSI is just below oversold with no divergence and can remain here for months as price keeps increasing. 👉 Analysis is invalidated if we close back below wave (B), $280