Tesla : Lower
Price went lower as expected. Let me show you the EW counts i'm looking at right now for Tesla. The main count is still the same one, a double three with 760 as a target zone.
Now to the alternative counts. Both are triangles, the first one ( shown in in red ) is a smaller triangle where there is a very large first wave a. This triangle is in it's final stage and will start a wave c lower pretty soon.
The second triangle ( shown in orange ) is a larger one where price is still in wave b of the triangle, expect more sideways action for the coming days.
At times where there are a lot of possible alternatives, look at the smaller timeframes. All counts give the same price action for today as highlighted in blue. The main focus will be on the next couple of trading days to see which wave count will develop.
Now to the alternative counts. Both are triangles, the first one ( shown in in red ) is a smaller triangle where there is a very large first wave a. This triangle is in it's final stage and will start a wave c lower pretty soon.
The second triangle ( shown in orange ) is a larger one where price is still in wave b of the triangle, expect more sideways action for the coming days.
At times where there are a lot of possible alternatives, look at the smaller timeframes. All counts give the same price action for today as highlighted in blue. The main focus will be on the next couple of trading days to see which wave count will develop.
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