Simple chart analysis for Tesla on H1
Updated
The other one that I post was a weekly one.
Elliot Wave finished. ABC correction finished. Waiting for second abc.
Elliot Wave finished. ABC correction finished. Waiting for second abc.
- Chart has recently finished E.W. but it can reach a little more toward 338%. Even so, I don't sugest to wait for it since it can go down any moment.
- I use fibonacci between peak 1 and peak 4 of E.W. to know fifth wave limit.
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is going according to plan. If it finishes early, it will go up faster then plan says.
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Drawed retracement path.
Adjust SL and TP.
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I reconstruct the ABC correction and found out that there is a great chance of going bullish after the bearish.
Trade closed: target reached
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