TeslaLong
🔋TSLA — consolidation in a bullish triangle
●● Preferred count
● Tesla, Inc.🕐 TF: 1W
Fig.1
The lateral correction appears to form a contracting triangle, presumably in the subwave (B) of ① of the large ending diagonal V.
_______________________________________
● Tesla, Inc.🕐 TF: 1D
Fig.2
In a contracting triangle, wave C is forbidden to go beyond the end of wave A. On the graph, this level is labeled as "invalid.". A breakdown of this level will remove the counting of the triangle from consideration and open the prospect of forming a correction in the form of an expanded flat.
_______________________________________
● Tesla, Inc.🕐 TF: 4h
Fig.3
Within the intermediate wave degree, an upward single zigzag D is expected. This will be followed by a decline in price within the final subdivision by wave E, which will complete the triangle (B), opening up the opportunity to open a long position.
_______________________________________
_______________________________________
●● Alternative count
● Tesla, Inc.🕐 TF: 1W
Fig.4
In an alternative wave count, it is assumed that the triangle is unfolding by the primary wave ④. The counting has a number of disadvantages, for example: wave B of (4) is more than 200% A; the wave (1) of ③ on structure more likely a triple, rather than an impulse. All this forces a seemingly obvious wave count to be kept as an alternative scenario.
_______________________________________
Disclaimer:
— The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
● Tesla, Inc.🕐 TF: 1W
Fig.1
The lateral correction appears to form a contracting triangle, presumably in the subwave (B) of ① of the large ending diagonal V.
_______________________________________
● Tesla, Inc.🕐 TF: 1D
Fig.2
In a contracting triangle, wave C is forbidden to go beyond the end of wave A. On the graph, this level is labeled as "invalid.". A breakdown of this level will remove the counting of the triangle from consideration and open the prospect of forming a correction in the form of an expanded flat.
_______________________________________
● Tesla, Inc.🕐 TF: 4h
Fig.3
Within the intermediate wave degree, an upward single zigzag D is expected. This will be followed by a decline in price within the final subdivision by wave E, which will complete the triangle (B), opening up the opportunity to open a long position.
_______________________________________
_______________________________________
●● Alternative count
● Tesla, Inc.🕐 TF: 1W
Fig.4
In an alternative wave count, it is assumed that the triangle is unfolding by the primary wave ④. The counting has a number of disadvantages, for example: wave B of (4) is more than 200% A; the wave (1) of ③ on structure more likely a triple, rather than an impulse. All this forces a seemingly obvious wave count to be kept as an alternative scenario.
_______________________________________
Disclaimer:
— The owner of the TradeWaves-EWA © community is not responsible and has no direct or indirect obligations to the User/Customer in connection with any possible losses or financial damages related to any content of this community.
🆓 Больше аналитики в Telegram: t.me/freetradelife
📚 Методичка (Ellliott Wave Guide): t.me/elliottwaveprincipal
📚 Библиотека (Ellott Wave Archive): t.me/biblioewa
💎 Premium: t.me/freetradelife_premium
📚 Методичка (Ellliott Wave Guide): t.me/elliottwaveprincipal
📚 Библиотека (Ellott Wave Archive): t.me/biblioewa
💎 Premium: t.me/freetradelife_premium
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.