NewLeaf, 短期Fib 圖在TSLA 上要這樣看
First, we want to use daily chart instead of weekly chart
Second, we want to identify the most recent short term elliot wave. You can see that TSLA clearly had its wave 1 from 10/23 low to Oct 28 high. After that, it had a perfect 50% retracement from Oct 28 high to 11/4.
We are now in wave 3 for this short term uptrend. Normally, wave 3 has a Fib extension of 1.618, which should end at 332.13.
Let's see if TSLA close below 332.13 today and if so, it could signal a pull back as part of wave 4.
If not, wave 3 should end between 1.618 and 2.618 (which is what I mentioned below as 375-395 area)
All of these are just short term trend detection. If we zoom out with a bigger trend, TSLA is in a clear breakoout and no sign of correction of any sort