[TSLA] update

It's been months since I modeled TSLA. Here is the backlink in which I believed that  a motive wave down was playing out.  The red arrow is where I thought wave 2 of 1 retracement would reverse but it ended up bouncing nearly to the level of the prior 4th before collapsing into wave 3 and then 4 and then 5 in order to finish blue 1 below.

Since then, the deep vee wave 2 rally has been raging but I think it is just about done here.  So I am looking for a dramatic reversal of TSLA shares into Q3.  It should be a 3rd wave down and after such a nice deep vee second, it should represent a better than average odds for short sellers and put options buyers.  The very best time to buy puts is when a 3rd wave down is modeled because 3rd waves move quickly and options prices react to quick movements per unit time.



The next support level for TSLA is $120.  This is because a breakdown of the neckline of the obvious H+S there predicts that level.  That is also the level of the prior 4th...  So this could turn out to be a monster C wave which will create a buying opportunity after the collapse.  Maybe this is how gold goes down to 95-105 per Avi...