TeslaLong
TSLA NEOWAVE ANALYSIS (DAILY)
Updated
I thought of sharing this chart because the quality and pattern are working out to be excellent for the daily , and I'm curious to see where price will end up.
The pattern is an expanding triangle.
Normally, wave E will almost break above the A-C trendline.
Wave E is the largest, typically 138% to 161.8% of wave A or wave C, but it must be slightly longer than wave C.
Wave E appears to be most likely an impulsive 5 wave move with wave 5 just beginning.
The pattern is an expanding triangle.
Normally, wave E will almost break above the A-C trendline.
Wave E is the largest, typically 138% to 161.8% of wave A or wave C, but it must be slightly longer than wave C.
Wave E appears to be most likely an impulsive 5 wave move with wave 5 just beginning.
Note
Progressing as expected, up 35% since this post was sharedTrade closed: target reached
It looks like the rally is over due to the pullback, which was stronger than waves 4 and 2. This gives me confirmation. Expect a big move to the downside soon.Note
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