Tesla Trading Analysis (12/05/2025)
The trend is downward. The upward inner wave structure has been truncated. There is a bearish divergence on the Awesome Oscillator, and the Stochastic Oscillator indicates an oversold condition.
Trade idea:
- Sell at the beginning of the formation of the descending wave structure, when wave A breaks the sloping channel of the ascending truncated structure.
- Stop-loss at 307.00.
- Price targets are 251.50 and 223.00.
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