This is was posted yesterday (Premium Updates) for my ideal scenario for TSLA making a low: "Ideal scenario: A close below Fib support at 1050 and then reversal back above 1050. How far below does TSLA have to fall to make bottom? It doesn't matter." Yesterday's low was 1011.52 with a close of 1095.78. That could be the extent of this decline, but here is an alternate scenario: On the Fib retracement chart below, $975 is a 38% retracement of the entire move up from the May 2020 low ($550), with $894 the next Fib support below that. I wouldn't be surprised if either were tested and price vaults back above $1,000 to confirm the low is in. These two differing scenarios have about an equal probability of being right. Calls of Interest Jun 2022 $1,500 (90-92) Jun 2022 $1,800 (50-52)
