Tesla Update: What a Masterpiece!
Let's just start out by telling everyone to PLEASE go read my other Tesla posts and let my work speak for itself. I have literally been calling every move Tesla has been making since we hit our ((A)) wave bottom @ $151.72. If you like what you see hit that like button, but more importantly, hit that FOLLOW button!!
With that of the way just take a look at how perfectly this count lines up with my prediction for an end point to this ((B)) wave retrace. The 1.0-1.382 of this A-B move (assuming we have our local bottom in) is $191.64-$202.13. The 0.618-0.786 fib retracement of (A) wave is $189.62-201.48. These are both VERY common end points for this retracement.
These two appearing to line up with each other is a HUGE sign we should top in that area. MACD and the other indicators have reset too and are ready for lift off for our final (C) wave of this retracement. Structure will dictate our next moves though. Also, C waves can be 3 or 5 wave moves so I will update you as I am able to and see changes. I have to work tomorrow so depending on how busy the hospital is will dictate my ability to update throughout the day.
Continue asking questions and commenting!! I will answer all questions within 24hrs, and if not re-send them because that means I most likely haven't received them.
Bonam Fortunam,
--Tyler
With that of the way just take a look at how perfectly this count lines up with my prediction for an end point to this ((B)) wave retrace. The 1.0-1.382 of this A-B move (assuming we have our local bottom in) is $191.64-$202.13. The 0.618-0.786 fib retracement of (A) wave is $189.62-201.48. These are both VERY common end points for this retracement.
These two appearing to line up with each other is a HUGE sign we should top in that area. MACD and the other indicators have reset too and are ready for lift off for our final (C) wave of this retracement. Structure will dictate our next moves though. Also, C waves can be 3 or 5 wave moves so I will update you as I am able to and see changes. I have to work tomorrow so depending on how busy the hospital is will dictate my ability to update throughout the day.
Continue asking questions and commenting!! I will answer all questions within 24hrs, and if not re-send them because that means I most likely haven't received them.
Bonam Fortunam,
--Tyler
Note
For those who are confused, we cans till tag $160 and it is on the post labeled by a yellow box. That is not my primary though as this appears to be shaping up as a flat ABC.Since the bottom of ((A)) @ $151.72 we have move up in an overlapping fashion to make our (A) wave top @ $174.43 on May 8th. After that we came down to $166.57 on May 9th for A and back up to $174.43 for B which happened yesterday. I stated in my post that the CPI could cause volatility and to be careful of it. That volatility brought us up to tag $174.43 again. Now, when you have a B wave that retraces that much of an A wave it typically ends flat, or at the end point of A. In this case that would be $166.57. That is why i no longer believe this will follow a "normal" path and end flat. But as i speak it is moving lower, so we will have to wait and see what it does
Note
Also, I don't know why the graph appears scrunched like that. Just use the side to panel to stretch it out a littleNote
FYI the longer we stay here in this chop the more chances of poking lower rise. I want to see it start to move higher and soon.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Related publications
Disclaimer
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.
Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers and a daily zoom call with members to discuss latest analysis and get a 7-day FREE trial
Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Related publications
Disclaimer
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.