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Elliott Wave View: Tesla (TSLA) Aiming for All-Time HighTSLA 30 minutes chart below shows that the stock has ended pullback from July 13 high in wave (4) at 1431.30 low. The correction unfolded as zig-zag Elliott Wave Structure. Wave A ended at 1450 low, wave B ended at 1612.87 high, and wave C ended at 1431.30 low. From there, the stock has resumed higher. Up from wave (4) low, wave 1 ended at 1594.56 high. The pullback in wave 2 ended at 1444.01 low. Currently wave 3 is in progress as the stock has broken above previous wave 1 high. Up from wave 2 low, the stock ended wave ((i)) at 1698 high. The internal subdivision of wave ((i)) unfolded as a 5 waves impulsive Elliott Wave Structure. From wave 2 low, wave (i) ended at 1531.71 high. The dip in wave (ii) ended at 1469.26 low. Afterwards, the stock resumed higher in wave (iii), which ended at 1675.90 high. Wave (iv) pullback ended at 1657 low. The last push higher in wave (v) ended at 1698 high. This ended wave ((i)) in larger degree. From there, the stock did a pullback in wave ((ii)) which ended at 1553.90 low. Currently, wave ((iii)) of 3 has started. Wave (i) of ((iii)) ended at 1716.47 high and wave (ii) dip ended at 1656.24 low. While above 1431.30 low, expect dips in 3, 7, or 11 swings to find support for further upside. However, TSLA still needs to break above July 13 high to confirm that the next leg higher in wave (5) is already in progress. The alternate count if TSLA fails to break above July 13 high is that wave (4) is not completed yet. The stock could have finished wave A of (4) as shown in the chart and currently wave B unfolded as an expanded flat structure, which ended at the last high. Afterwards, the stock could extend lower in wave C before ending wave (4) pullback and resume higher again.
NASDAQ:TSLA
by Elliottwave-Forecast
60% OF MY CAPITAL IS IN THIS IKAN LUMBA-LUMBASound funny.. What kind of people would name it company Dolphin when it entire operation doesn't not involve selling any fish. Do you know? this company involved in hydraulic system? However, in DOLPHIN we TRUST . So i bought this stock using 60% of my capital in it, and i would risk it as long it not break support 0.115. Looking forward this stock break 0.14 and fly until 0.160. But beware of penny stock, know to buy and know when to exit.
DShort
by emragecapital
CHINA 50! ROCK OR BUST?The China 50 took off like a rocket, leaving behind the DJI and other country indices. This is the CN50's biggest rally in a year. State media agencies talked up the index promising a post-coronavirus boom. Then the China Securities Journal made similar promises. This caused an almost 6% charge north in one day! However, there did not appear to be significant underlying volume - which is a bit worrying. But volume isn't everything. I show two points on the chart that I think may be comparable. In technical terms the two recent weekly candles are the biggest since 2013. The momentum seen on lower time frames is ridiculous. In these situations a minor correction is expected (not predicted), followed by follow through. If you have enough 'bottle' and money to burn go for it, on a lower time frame. Disclaimers : This is not advice or encouragement to trade securities. No predictions and no guarantees supplied or implied. Heavy losses can be expected. Any previous advantageous performance shown in other scenarios, is not indicative of future performance. If you make decisions based on opinion expressed here or on my profile and you lose your money, kindly sue yourself.
OANDA:CN50USDLong
by Captain_Walker
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