We finally broke out today and made a new high. MACD is also still raising pretty strong. If my count is right we have already begun extending, so all I can say is expect a reaction at the &/or 1.618. The 1.618 would be a good place to start carving out some 3-4's to finish out wave iii around the 2.0. Then a minor retrace for iv before we raise to finish v of 1.
That is just what structure would ideally look like though and not required. Once a count starts to extend it gets harder to predict end targets. You just have to use your knowledge of fibs and how price nornally interacts with them.
I work the next two days and will update as able. Good luck y'all.
Bonam Fortunam,
--Tyler
That is just what structure would ideally look like though and not required. Once a count starts to extend it gets harder to predict end targets. You just have to use your knowledge of fibs and how price nornally interacts with them.
I work the next two days and will update as able. Good luck y'all.
Bonam Fortunam,
--Tyler
Trade closed manually
We can and most likely will move higher but I went ahead and sold 2 of my calls to lock in profitsNote
Tesla is further along in its count than Rivian. If this is to be our wave iv then we should head up to the low $270's next. Otherwise we head down the the $210-$220 area for wave 2.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Related publications
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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.