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Ewtrading

TSLA - Where are we now?It appears TSLA has just finished it's latest massive move up and is transitioning to a distribution phase. If TSLA cannot recapture the upper $1500 level, I would wait to re-enter. If it does however recapitulate above the $1600 level, it does have more room for newer highs. Personally, I think it's due for a decently sized correction. Potential Re-Entry range: $1,250 - $900 Note: This is a very wide range, we need more price action to confirm a more specific re-entry price.
NASDAQ:TSLAShort
by ericisom887
5
Updated - Tron (TRX) - Elliott Wave Count and Prediction - 4hrI'm making a slight adjustment to my Tron (TRX) EWT count. It appears TRX isn't waiting around for a slightly deeper pullback to complete (2), so it's highly probable we are now in a (3) of W3 which will give us a fantastic run-up in the next week or so. Notice the red vertical time cycle lines and the beautiful symmetry between the subwaves of W1. This supports the wave count further and I can find no alternate count nearly as probable as this. The subwaves of W1 peaked around 17 day increments. Using this symmetry puts us at January 27th (+/- 24hr) for the next noteworthy pullback. At which time, wave (3) of W3 should complete. Then we will consolidate for a wave (4) of W3. Please feel free to comment and/or make suggestions on how to improve my wave counts. I love wave counting the markets and am in awe of their beauty, but *NOTE* I am not an investment advisor and am not offering investment advice.
BINANCE:TRXUSDLong
by justybear1984
2
Follow up on my long term view of the Dow Industrials.2 charts.9 months ago I posted a long term chart (link below) suggesting the top may be in using a Fib fan (one fan that I have tried where most of the major turning points actually seem to relate to the fan). In that chart I showed another option of continuued up move. That up move which we are in now seems likely to me could go up to the next fan line level which is currently around 22000. Earlier in my trading I used a lot of EWT which by the way when used alone is not very helpful (at least in my hands). It's form however is often visable in retrospect. So here is my current view of the EW count that I see. Notice that the "3" waves at all three levels are sideways consolidating triangles. The upper channel line on this chart is also around 22000 +/-500. I will post another chart to go with this. These may not help you trade but hope you enjoy it!
DJ:DJILong
by goodguy
7