Sub-wave 2 needs to prove itself
As I have been stating since 15 Nov our bottom would be around the $168 area. It hit LESS THAN $2 under that target and turned around for a 5 wave impulse to the upside. IF I am correct we are about to have a bull run on Tesla. The real question is, "Is this another retrace or the start of a new bull trend"??
Today was very telling but we're not out of the woods yet. We have a high chance of ending our next trading day down and starting our descent down for the ABC sub-wave 2 retrace. Marked on the chart I have the "normal" ending point for wave 2's. As I have stated before, they can technically retrace up to 99% of wave 1 and still be valid. In this case Wave 1 started at $166.19. At the end of sub-wave 2 I will more then likely add to my position but it needs to prove to me it's intentions first. As always trade at your own risk.
P.S. --Go through my older Tesla posts and give them a like if they seem accurate to you. I plan on continuing to track Tesla going forward. I won't always be right, but I can promise as soon as my counts are no longer valid I will be the first to say so.
💰💰Good luck to all💰💰
--Tyler
Today was very telling but we're not out of the woods yet. We have a high chance of ending our next trading day down and starting our descent down for the ABC sub-wave 2 retrace. Marked on the chart I have the "normal" ending point for wave 2's. As I have stated before, they can technically retrace up to 99% of wave 1 and still be valid. In this case Wave 1 started at $166.19. At the end of sub-wave 2 I will more then likely add to my position but it needs to prove to me it's intentions first. As always trade at your own risk.
P.S. --Go through my older Tesla posts and give them a like if they seem accurate to you. I plan on continuing to track Tesla going forward. I won't always be right, but I can promise as soon as my counts are no longer valid I will be the first to say so.
💰💰Good luck to all💰💰
--Tyler
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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