It's been a while since I have been posting on a regular basis. I came down with COVID a couple weeks ago and thankfully that was the first time I have had it. Hopefully it was the last too. Elon has people worried as of late and with good reason. One thing that makes index's so attractive is you're not subjected to the whims of an eccentric billionaire. Tesla stock/options sure can generate some income though.
By my count Tesla has two options at the current moment. My primary count in white suggests we are about to head up or need only OML before heading to my target box for wave v of 1 of 3 of (3). Yes, it is a big box, but that is because we are in a very strong portion of the larger count. We can easily extend out to the 2.618...but it isn't required by any means. The minimum I want to see is for the 1.786 fib to be tagged @ $272.04. Don't forget wave v will be another micro-5-wave impulsive move into the target box.
The other possibility (turquoise/yellow) is for us to have just finished the second wave 1 and still working on the second wave 2. I'm not a fan of this count but it is technically possible, and we need to be prepared for anything. If we drop below the blue 0.5 fib retracement @ $227.72 than I will start to track the alt much more closely. We haven't hit standard fibs on the head necessarily, but we have been decently close. Close enough I think my primary is the most likely scenario. Lets see what happens tomorrow shall we?
Bonam Fortunam,
--Tyler