Update to my previous post w.r.t. Goal Target and bigger picture count.
Rather than Goal target of 1400 in the last idea where I mis-labled my count, I think this actually will go to 1794 to complete primary wave 5. 1794 is also the year of Elon's birth. Below Primary is wrong:
The way I estimate projected waves 5 is not conventional, but it has worked for me. The method focuses on predicting the extension of 5 by finding the ratio such that a 2x2 matrix with parameters from the previous 4 wave relations has determinant = 0. I have found that wave 5s tend to come to an end right after the orientation shifts from positive to negative.. and then the downside of the corrective waves accounts for this mathematically. So for example, up until 1794 the impulse matrix w.r.t TSLA primary will be positive, and then anything higher than 1794, which will generally only be realized briefly, will shift the invertibility of the matrix from positive to negative, and the corrective cycle will swiftly ensue.
Cases where wave 5 ends prior to the inflection point tend to see a B wave in the form of an expanded flat extending above the inflection point which does the deed. This is why when I mis-labled my primary count originally I got a target of 1400, but doing the same method calculation with levels of this count (which I believe is correct) gives 1794.
Note
Attention all boarded passengers: TSLA just took off on a SpaxeX rocket through initial resistance... We need to clear 680-683 and 690 still so keep em fastened til then. After that... moon.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.