TSuth

TSuth

Tesla hit .04cents below my minimum price point today. We then had a retrace for what I'm calling wave 4 of c of A. We should get OML to the box I have drawn to finish out our main A wave of wave 2. When that happens we should retrace to around the .236 fib line @ $190.32 in a zig-zag structure. Afterwards we will fall again to around $126-$146 for our C wave of...

TSuth

Not going to spend a whole lot of time on this as my graph is self explanatory. These are the targets I am expecting Rivian to follow if it follows a "NORMAL" path...but when is it ever normal. I plan on adding more to my long term position around $11-$12. When the time comes closer, I will update you on any trades I make. Bonam Fortunam, --Tyler

TSuth

Tesla went up today as expected. There has been negative divergence on the 1HR MACD for awhile now. This is a sign that our retracement is coming VERY soon and with it will be a swift fall for Tesla. That will tell us if all this has been a wave 4 or the start of a new bull cycle for tesla. My gut says new bull cycle. But how does that fit in with the extremely...

TSuth

Placed a Covered call with a strike @ $22.5. This pattern should start breaking down soon. I don't see it raising past the 1.0 fib line. Good luck all! Bonam Fortunam, --Tyler

TSuth

Rivian has been on a downward slide for some time now. Finally, with some newfound powers, I believe I can put a more accurate count to this mess. Let's begin with the LEADING DIAGNOL in the beginning. On the chart I labeled a (1), this is our first motive wave. As you see there is overlap between wave 1 and wave 4 within this motive wave. The only way this is...

TSuth

In my last post I stated we were due for a retrace. We got that retrace and then made another high to complete our 5 waves and our Wave 3 extension. We are now due for the primary Wave 4 retrace. Wave 2 was shallow, quick, and a simple zig-zag structure. This tells us to expect Wave 4 to be deep and long. In the chart above there are 2 fib lines drawn. The blue...

TSuth

I have updated my count after the latest price action. Tesla has been on a role but some of those people will be wanting to take their profit soon. I drew a fib line from the i-ii and the (1)-(2). Looking at the latter (in blue) we hit the 1.618 and had a small pull back, then extended out almost to the 2.618 of that advance. It is here that I feel fairly...

TSuth Updated 

Tesla is making a much bigger comeback then I expected. I have marked on the chart the best count I can see up to this point. As I have stated in the past wave 3's are very strong, which this has been. We've extended up almost to the 2.618 fib line of Wave 1 which should hopefully halt this rally. Since then Tesla dropped and then came back up a little. That is...

TSuth

With all the chopiness in the Tesla chart it's making me feel more and more that we are coming to an end with this move higher and will more then likely resume the downward trend. If I'm right we have a 1-2 already formed so the next move down could be a strong one. Of course I could be completely wrong and we could always move higher...I am of the thought that...

TSuth

The way I see this chart at this time...it has an equal chance of going either way. Either this has been an ABC retrace and the downward bear trend is about to resume, or this jump and retrace today is wave i & ii of 3 and we will take off soon. Unfortunately I'm inclined to think the prior is true due to market sentiment and the direction the S&P / NASDAQ are...

TSuth

So far we have a 5 wave structure up followed by A, B, and now C appears to be in the making. Theres a 1-2 formed but tomorrow it needs to start its 3rd wave down. If price breaches $124.13 then this is not our 1-2 down and there is a good chance we're still in c of B of 2. On the chart I have marked, by a yellow box, the normal end point for wave 2's. This is if...

TSuth

Tesla hit my OMH that I called for yesterday. That completes 5 waves up and we should be starting our wave 2 descent now. It could be short/shallow or it could be long/deep. The rules of alternation dictate wave 4 should do the opposite of wave 2, which is why it is harder to predict wave 2 and wave 4 usually becomes more complex. I'll give more details later...

TSuth

I'll make this short and sweet. Tesla needs OMH to complete this 5 wave structure. After the OMH, it should start an ABC zig-zag retrace for a STANDARD wave 2. It may not be standard but usually it is...and wave 4 becomes the complicated retrace. Hopefully hall are using stop loss to protect yourself. I'll give more details as price and the next structure are...

TSuth

I have been calling for over a week now that we would finish this ABC around $101.55. Today we hit $101.83...I'd say that's close enough for the girls I go out with. Waiting to confirm we have bottomed this go round. Hopefully it is a lasting bottom but I doubt it from the way the economy is shaping up. We shall see. For the immediate future I only see upside from...

TSuth

$16.87 is my target for the bottom of this ABC. This is at the 1.414 Fib line of Wave 4 and a common end point for wave 5's. From the count I see we should only have a little more of a micro wave 4 and then OML to finish out wave 5. I may buy another 50 shares at that time to add to my LONG term collection. We will see when the time comes. If I add more I will...

TSuth

As stated in my last post we were due for "at least" OML for our wave 5. Today we got our micro wave 3 & 4 of wave 5 of C and boy was it a doozy. I'm staying with my target of $101-102 to buy in for a retrace. Question I have is how much of a retrace will we get. Either way I'm thinking it'll at least be 10-20% and to me that's worth it. MACD is already starting...

TSuth

Tesla finally ended its Wave 3 extension down and had a bump up for our wave 4. If we do not make another high then we should drop to about the 1.414 fib line of Wave 4 at about $101 to finish off wave 5.... if it follows the ideal path. It could very well extend again and drop even lower. The trick will be to watch the MACD for HBD. Patience is key! These are...

TSuth

I believe Rivian is poised to bounce with the market. Target for this retrace is around $24. I bought an extra 50 shares @$21.38. These are just to good of prices to give up, it is a great spot to load up on some more Rivian for sure!