TSuth

TSuth

Nothing in my count has changed. I believe we will get a decent drop into possibly this afternoon/beginning of next week with a higher chance of the latter. When we finally do get a drop I will be able to give more accurate end points for this wave 5 of C. When we do finally bottom I think Rivian stock will take off. If it follows Tesla then I don't think we will...

TSuth

Tesla has had some pretty crazy price action as of late. At this point and time, I believe my count is still correct. We had a shorter b of B wave then I would have liked but such is life. According to my count we topped in our B wave @ $200.63 on Wednesday. On the chart I have drawn a fib extension from our A-B wave, and the 1.0 just so happens to be @ $146.90...

TSuth

So far Rivian is still playing by the rules. I have updated my count to reflect this latest move up. We could potentially go up to the $15 area before we resume our decline to our final destination. That would put us around the 0.5 fib line of this wave 3 retrace. Still patiently waiting for it to hit my target box before I buy any. Bonam Fortunam, --Tyler

TSuth

We hit my wave 5 of iii in my last post and started our retrace for wave iv. We've already hit the 1.0 fib line of A-B @ $13.5 so that could be all it gives us for a retrace. The next motive wave we embark on SHOULD carve out our bottom. I will update more frequently and with more detail as that time approaches. If my thoughts are right it should start to descend...

TSuth

Hopefully anyone who followed me with this trade has/had a stop limit set. Yes mine was triggered lower then the high, however, i NEVER want to be the greediest person in the trade. Following my rules I have set in place, I was able to capture 6.6% profit in 2 days. At this time I am now flat of any Tesla. If my count is correct then we should drop lower...

TSuth Updated 

So far this morning Tesla is behaving according to the count I laid out. We are supposed to be in B which is a 3-wave structure, however we are clearly making out a 5-wave pattern. This could just be the a wave of B of 2, but it is something to keep in your mind when we are approaching our local top as to the path Tesla will take next. I will try to remember to...

TSuth Updated 

As I stated in my last post we were almost finished with A wave of wave 2. Today we hit right in my target box and then started to retrace. I opened a long position of 30 shares @ $168.87. My stop limit is set at $171. I will be raising it throughout this count with a forecasted high of around $190. As we retrace higher I'll be able to provide more precise...

TSuth

Rivian barely made it into my target box today for our wave 5 of iii, however, it along with its retrace was VERY VERY quick. So, although one could technically state we hit BOTH targets today...that is not my primary analysis. I feel we will still work our way down and have a more solid move into the box. Still no trades on Rivian yet. I decided NOT to sell what...

TSuth

Not much to add with this post. I changed it to a line graph to help drown out some of the volatility and improve clarity. Rivian appears to have hit both my wave 3&4 targets since my last post. However, it was very quick and would not surprise me if we haven't actually finished Wave 3. Chart shows my targets and they haven't changed. We shall see what happens...

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...