Should see an a-b-c retrace for wave 2 within current wave c down. I’m targeting around 259 - 260.50 area for short position for wave 3 down.
Locking in about 6.50 point drop since completion of wedge ABCDE. Wave b should be in. May see slight retrace to backtest but ultimately should still head lower to price target.
Seeing expanded flat playing out for wave c of (B) down. Targeting 240 level to look at entering small long position for upside of Wave (C). Should see a 5 wave sequence down for c of (B)
Looking for ROKU to finish this abc pattern, currently in/completing wave b. Thinking it flushes to target entry point to look at starting to build a long position
Whether we are in a corrective flat or zig zag for Wave X, my price targets are $238 or $225. I’m leaning more bearish but the $240/238 seems to be strong demand. I’ll watch price action there and if it fails, will look for a long position with a first price target of $270. The 270 area coincides with a 50% retrace of Wave W for Wave X.
Currently watching for a pullback for wave (c) of (B). Watching closely when it gets to 2440 level. If it holds, I think that will be a completed wave (B). IF it fails, I can see wave (B) completing down at the 2300 level, indicating this would be a Flat ABC correction (wave B retraces to near the beginning of wave A). Either way, I see a pullback down and will...
Seeing a potential 5 wave down for wave c of (b) before turning back up to complete the overall wave “b” in red. Lot of supply in $260 area but dwindling especially after today, supporting my opinion that next retest can breakthrough for wave “b”. Looking to get short term long around $244 area.
TSLA holding daily demand level around $500. With a large demand level below, and a head and shoulders zoomed in on a lower time frame, I’m targeting a price point around $430 to build a small long position.
Saw a deep retrace back into Daily Supply. I still think it gets hung up here and we continue to see downward pressure to daily demand around $50.
Seeing an ABC wave down to target area around $76. Had a retrace today for Wave B today of .32 supporting my opinion to continue downward. Again, watching to hit price target to potentially start building a long position with a first price target of $110
Daily demand sitting at $77 - $76. If continues to drop to this area, I will watch price action to build a long position. Should it hold, aiming for a price target of $110 to test daily supply.
Major support has been tested multiple times around $45. Should it fail, with Wave 3 being less than 1.618, wave 5 tends to overextend itself. Targeting a price point of $35 - $33 to look at building a long position to capture a relief bounce for Wave B of the ABC correction (5-3-5) I’m leaning towards.
First time publishing. Leaning towards a 5-3-5 ABC correction where wave 3 of A was a run away wave, suggesting a wave 5 length equal to wave 1 or 1.618 of 1. Seeing monthly support at lower lows before having a relief bounce to start wave B