TSLA Forecast Update: Revisisting Planetary Angles and Foldback Scenario
#183 An Analysis of TSLA's Fair Value and Potential Price Targets
Introduction
In my October 2023 and January 2024 articles, I published a TSLA forecast based on a foldback scenario that followed the return of planetary angles.
Mirror image foldback patterns are not always precise but can continue to function for a long time. The recent low fell right in the middle of two planetary angles on which the trend has changed its course in the past.
The question remains if a low has been set. With the recent lows of April 19th and the TSLA Inc. announcements or promises for more affordable EV cars and to reveal more on the RoboTaxi development on August 8th, 2024, it’s time for an update for our premium subscribers.
This analysis is intended for general informational & educational purposes only. Hypothetical or simulated performance based on past cycles has many limitations. Cycles can contract, extend, and invert. Anomalies can occur. Hence, past performance is no guarantee for the future. No advice. Please take a look at our full disclaimer.
Disclosure: No positions at the time of writing.