TeslaShort
c of b of B is buy zone for scalp
Hopefully anyone who followed me with this trade has/had a stop limit set. Yes mine was triggered lower then the high, however, i NEVER want to be the greediest person in the trade. Following my rules I have set in place, I was able to capture 6.6% profit in 2 days. At this time I am now flat of any Tesla.
If my count is correct then we should drop lower tomorrow, hopefully within the 0.5-0.786 fib retracement lines. The 1.0 fib extension of our a-b move is $173.12. I expect us to at least hit that but it is not mandatory. When we get into the zone of my box, depending on the structure that has been made, I may buy for our final c wave of wave B to the $190 area.
Once we have a b of B wave bottom I can give more precise targets. But until then all I can do is speculate on what price will do.
STRUCTURE is the most important thing in a count!! It dictates everything...not fib lines. The lines guide us...but the structure tells us where to place said lines and drops hints on where price is going/what it's about to do.
Bonam Fortunam,
--Tyler
If my count is correct then we should drop lower tomorrow, hopefully within the 0.5-0.786 fib retracement lines. The 1.0 fib extension of our a-b move is $173.12. I expect us to at least hit that but it is not mandatory. When we get into the zone of my box, depending on the structure that has been made, I may buy for our final c wave of wave B to the $190 area.
Once we have a b of B wave bottom I can give more precise targets. But until then all I can do is speculate on what price will do.
STRUCTURE is the most important thing in a count!! It dictates everything...not fib lines. The lines guide us...but the structure tells us where to place said lines and drops hints on where price is going/what it's about to do.
Bonam Fortunam,
--Tyler
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.
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.