After elections market comment: TSLA

Due to the somewhat strange behavior of some Germans with the destruction of Teslas (because of Musk's involvement with Trump's administration), the stock of his largest company is currently somewhat difficult to evaluate fundamentally.

Crazy German story: German magazines are currently showing how to get rid of Tesla from globally/US investing ETFs or hedge its upside with a short position corresponding to the Tesla share of the ETF to turn Tesla into a +-0 position. 

If you don't believe me, check this video with subtitles in your language:

Let's take a look at the charts, which really tell us what's going on

In the hourly chart we see in white a max Gartley which has already fulfilled its duty with the hit of the Target 1 at the 0.382 Fibonacci. However, it has so far failed to reach the second target at the 0.618 Fibonacci.

What situation resulted in the failure to reach the Target 2? If we take a closer look, we can see a wolf just before the 0.618 Fibonacci, which slipped nicely after a retest of the signal line. This move initiated the return to the 0.13 Fibonacci which is permissible according to the rules in the superior chart.

Starting from the wolf, we were also able to identify a first Gapclose, which is located within the wolf between 2 & 3. However, the finish line of the wolf has not yet been completed.

Betrachten wir das Bild im 4h Chart mti einem 200 gleitende Durchschnitt erklart dies ie aktuelle Volatilitat im oberen bild zur

If we look at the picture in the 4h chart with a 200 Moving Average, it explains the current volatility at the market opening in the upper picture.

What are the prospects that we now have to consider?

Do we trust in the abilities of Elon Musk and Tesla or do we rely on the Germans and the EU to initiate the big short?

If we assume a positive outcome, the goals of max Gartley would be interesting:

max Gartley Targets (see picture 1):

• Target 2: 444 $
• Rebound 1.27: 519 $ 
• Rebound 1.618: 559 $

Short Targets:

• $369.45 (Trend Channel Crosses Wolf)
• $345.61 (Gap)
• $255 (200 SMA in the Daily Chart) 

How will win this one? Drop your opinion in the comments ⬇️