TSLA eyes on $179.94 then 157.16 for possible bottoms

Updated

TSLA has just hit a Genesis fib at $179.94.
Expecting some bounce but looking lower.
Golden fib below at $157.16 would be ideal.

Here is a full view of the Genesis Fib

See "related Ideas" below for my methodology.

Note

Zoomed in (5 min)

and an example of a 'Ping" (exact bounce on fib that you can almost HEAR)

And the relevance:
"Not every Ping starts a Reversal,
but most Reversals start with a Ping".

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Note

Thus my enthusiasm for Pings

over 6% bounce so far!

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Note

As expected, bounce from 180 did not hold

Bounced up 2 fibs EXACTLY, then resumed drop.

Zoom IN (m1)

That is what I call a PING, an exact and violent ricochet from fib that you can almost HEAR emanate off the chart.
And my thought "Not all Pings start a Reversal, but Most reversals Start with a Ping"

Zoom MORE (30 sec) and adding a Gold/Blue fib to our bounce

the local 6.853 extension lines up with the Genesis fib at 179.9x.
No wonder it rejected, and that may be a top for a while.

Zoom OUT (h8) So now the $157.16 Golden fib just came into sight

Could be a quick drop through the wide open space.

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Note

Quick update on the 5 min:

We ended the day hugging the underside of the fib.

That tells us:
A) The fibs are SOLID and we can be confident in them.
B) It is likely to drop from here unless there is some news.

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Note

Here we are again, 179.94

Thus my term "high gravity fib", as demonstrated by it capturing the price into "orbit".

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Note

Per last post, it was a pretty quick drop to almost the golden fib

with a pretty strong bounce just from just above the golden fib at 157.16.
That means considerable strength to not need to power of the Golden fib to bounce.

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Zoom in (M15) and include the "Covid Stimulus" fib in dashed lines:

We see what it bounce from, a Covid fib at 161.92,
just above and reinforced by our Genesis fib at 157.16.
Bounce got above our originally targeted Genesis fib at 179.94

Now to see if Bulls can establish $179.94 as support.

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.

Note

Here we are, Golden Genesis at $157

Was pierced, so not a good sign for bulls.

Zoom in (m1) and include the Covid Stimulus fibs

Covid fib caught it this time,
but the Golden Genesis at $157.16 is the key,

So we have our Key zone we can highlight in green

Kind of a "now or never" support zone here.

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Note

There is our retest of Golden Genesis fib

Moment-of-truth, edge-of-seat, do-or-die, etc etc...

Note

(( ( < PING > ) ))

Earnings Report, 1 min chart, LOUD Ping.
MASSIVE energy (money) thrown around,
yet the Entire World FROZE at $157.16

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Why 157 and 16 cents?

It is 122.965 times the Genesis Impulse,
and 122.965 is a Golden Exponent of it,
thus $152.16 is the Sum of All decisions.

Good chance that was BOTTOM, lets see

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Note

BOTTOM IN ??

Zoom in (m15)

Was range bound between a Genesis and a Covid fib,
but looks like bulls are about to lose the $179.94 fib,
so watching Covid fibs below at $170.95 and $161.92.

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Zoom in more(m1)

And we have a PING, as in "Give me a Ping Vasilly, One Ping Only".

And my rule:
"Not all pings start a Reversal, but Most reversal Start with a Ping"

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SUMMARY:
- Still think bottom is in but some retrace in play.
- Watching Covid fibs below $170.95 then $161.92.

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Note

(( ( < PING > ) ))

Bearish Ping on our Genesis fib at 179.94.

"Not all Pings start a Reversal, but Most reversals Start with a Ping".
Thus we have bears' best chance to knock it down from here...

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Note

Thus my enthusiasm for Pings

"Not all Pings start a Reversal, but Most reversals Start with a Ping"

And some Reversals are Reversed by Pings :)

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Note

Now a bearish PING on our Genesis fib at 179.94

Lets see if bulls can regain that fib asap,
otherwise we will be looking lower again.

EuroMotif

the Golden Ratio is my Religion
the Trading View is my Nation
the Moderator Tag is my Flag

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