Tesla stock price 8/21/20

Currently in pre-market trading, TSLA was trading at $2,043. I expect to see some significant selling at these levels since $2,048 is a significant fibonacci extension level based on the chart’s Elliot Wave pattern. Looks like we are finishing a wave 5. However, with the coming S&P 500 inclusion and battery day, I’m not sure how that will play out with the EW count and fib level. The next extension would be at around $2,728, so we could see that target hit over the next few weeks which could end wave 5. Let’s see!

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