This morning, I was contemplating one of the hottest stocks in history, Tesla, and wondering if there was any way to anticipate its peak in this current move. What I came up with was surprising, and although I wouldn’t put unlimited amounts of faith in this projection, I at least wanted to share my scribbling.

My approach to this was pretty simple: I was focusing on the range established from major peaks (red circles) to their retracements (green circle). In particular, I wanted to calculate how much of a “burst” there would be out of its most recent range if it mimicked the burst that had taken place during the previous range.