TeslaShort
Wave 5
Updated
Sorry I haven't made a post in the last couple days. I have been busy and haven't had the time.
I marked on the chart our ABC correction for wave 4. Looks to me as if we started our wave 5 down, but we still need one more low to complete the pattern. You will notice there is a lot of confluence around the area I marked as a possible end point for sub-wave 1 of wave 5. The 1.414 fib line of our micro-wave 4 ends right in the middle of that box. Also, this coincides with my thesis for an end point to this wave 5.
The S&P just started its Wave 5 down. Ideally it will be a quick drop and a nice snap back. I feel Tesla will do the same. So keep your powder ready to pounce when the time is right.
If and when I make any trades involving Tesla I will post them on here for transparency.
👑💰TEAMWORK MAKES THE DREAMWORK💰👑
~Tyler
I marked on the chart our ABC correction for wave 4. Looks to me as if we started our wave 5 down, but we still need one more low to complete the pattern. You will notice there is a lot of confluence around the area I marked as a possible end point for sub-wave 1 of wave 5. The 1.414 fib line of our micro-wave 4 ends right in the middle of that box. Also, this coincides with my thesis for an end point to this wave 5.
The S&P just started its Wave 5 down. Ideally it will be a quick drop and a nice snap back. I feel Tesla will do the same. So keep your powder ready to pounce when the time is right.
If and when I make any trades involving Tesla I will post them on here for transparency.
👑💰TEAMWORK MAKES THE DREAMWORK💰👑
~Tyler
Note
Looks like subwave 1 might be extending. If that is the case, it means we are in a micro wave 4. Target area for subwave 1 would change to $188-190 before a nice $20-30 retrace. Time will tell
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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