What does the rate of Tesla and the Eiffel Tower have in common - Not much, but the rate of Tesla now resembles the rise of the left side of the Eiffel Tower and prices that accelerates in this fashion has a tendency to peak and see an equal fast decline resembling the right side of the tower.
I don't know, when the price of Tesla peaks, but one thing I know for sure is, that it will peak at some point and prices of Tesla will come tumbling down once the peak is in place.
Also I think that the peak is nearby and the potential upside is much less, than the potential downside. I will be looking for Tesla to peak near the 890 - 895 area. The first good indication of a peak is a break below 817 ideally with a gap lower just after the peak, but only time will show.
Once Tesla peaks, we will all look back and think "what was everybody thinking", but it's much easier to know what one should have done once everything is clear in the rearview mirror.
Be careful and keep you stops tight here.
The chart should be semilogarithmic, I think in a correction (from wave 3 to wave 4 some months), and after that, one wave 5 (until beginning 2022)
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