TSuth

TSuth

Rivian looks as if it is in its C wave of wave 2. Since the high of $32.60 it has been on a pretty direct path lower and appears poised to hit the 1.618 line of what I'm calling wave 1 of C. From there it should have a little bounce for wave 4 and then back down for OML for our wave 5 of C of 2. The 0.884 fib line should hopefully hold any further decline. The all...

TSuth

Sorry I haven't posted in a while. It's been a crazy couple weeks. I will post tonight with more details but suffice to say, today looked like a wave 3 of c...if that is the case we're almost bottomed. Later I will be able to actually sit down and analyze today. 💰💰Good luck to all💰💰 --Tyler

TSuth

I want to start this post out by reminding all my followers and anyone reading this...I AM NOT A PROFESSIONAL TRADER. I want to help anyone I possibly can, anyway I can, all while learning myself in the process. That being said, I do know a thing or two and didn't just start trading/analyzing yesterday. I WILL be wrong sometimes. All I can hope is that I'm right...

TSuth Updated 

With all this chop and "messiness" I wanted to revisit my overall thesis on Rivian. I have drawn on the chart a fib line from our bottom of $19.26 to our local high of $40.86. The main problem I have with this count is that would mean we started of in a leading diagnol. But...it is perfectly valid. It would also explain the choppiness we have had since that 40.86...

TSuth

Today Tesla conpleted a 5 wave structure down for c wave of sub-wave 2 with a bottom of $175.34. From here we had a 5 wave structure up and then a minor wave 2 retrace. Dare I say..🤞Tesla should be green tomorrow🤞 If you had a stop limit set and sold at $188.5 and rebought today with me at $178 that's a quick easy 10 point scalp. My current stop is set at our low...

TSuth Updated 

In my last post I stated I thought we should be headed up in a micro-wave 5 of sub-wave 3. After today that is obviously not the case. I believe I was one degree off in my count and we are now almost done with sub-wave 2. The box I have is for an ideal spot for this retrace to end. I believe we still have OML to make but this may not be the case. Premarket should...

TSuth

Rivian's chart is a gigantic mess. Right now buyers and sellers are fighting for dominance and at this current time...sellers are wining. $27.37 was our last low and still my starting point for our primary Wave 1. If price goes below this point it invalidates this count. As I have said though this chart is a MESS. Until we get some clarity I can't decide on where...

TSuth

Looks as if Tesla finished it micro-wave 4 today and possibly started micro-wave 5. If Monday is a green day it will confirm this thesis and should bring this wave close to an end. Tuesday or Wednesday are my preferred days for Tesla to finish sub-wave 3. It should then spend the rest of the week and declining for sub-wave 4. If it is in fact a sub-wave 4, it ...

TSuth

Today we did as I assumed and consolidated in a micro wave 4. This should set us up nicely to finish out sub-wave 3 by EOD tomorrow.....hopefully. If it extends then this sub-wave could go into next week(I would not be sad at all though lol). After sub-wave 3 our sub-wave 4 should not move into the price territory of sub-wave 1. Therfore I am recommending you have...

TSuth

Today Rivian finally gave us some clarity. To me it appears to be going up in its wave 3. I mean, we had an 11.06% jump today, id call that pretty strong. Judging from the beginning of this wave it will extend but time will tell for sure. Either way I'm holding onto my Rivian for a long time unless something HUGE changes. I marked on the chart where we can expect...

TSuth

Tesla came into our target box yesterday towards end of day. I was really hoping it would drop to at least the 0.5 fib line of subwave 1 where I had placed a buy order. Unfortunately Tesla had other plans and as you saw clearly was ready to start subwave 3. I left the box for subwave 2 on the graph so yall can still see the possibility this had of dropping...

TSuth Updated 

Today gave us OMH which extends our sub-wave 1 timeframe to 6 days. Today we started what I believe is our sub-wave 2 and marked on the graph is the ideal place wave 2's end. I will be watching this very closely as I want to buy in more towards the bottom of this retrace. The key will be watching for when the count/structure is complete. We already have a 5 wave...

TSuth

This latest retrace has been overlapping almost the whole time. This leads me to still believe we are in our i-ii of 3. If this is to maintain tomorrow needs to start moving higher...and with strength. 💰💰Good luck to all💰💰 ~~Tyler

TSuth

I stated in my last post that Tesla had a high chance of starting our subwave 2 today and having a red day. It did just that. Due to post/pre market the numbers are a little off. We opened the day @ $185.16 and closed @ $182.92. That itself isn't to bad but at one point in the day Tesla was down 2.7%. Now if I'm right, this means we had our micro-wave 1 and...

TSuth

Rivian always seems to be a more complex chart. I'm assuming it is due to the fact the "crowd" isn't as big as say, the S&P, and therefore EWT is more difficult to apply. In any case, my count is still valid as the chart stands. We didn't come down as far in subwave 2 as I expected but that just means sub-wave 4 should be "steeper" than normal as waves 2 & 4...

TSuth

As I have been stating since 15 Nov our bottom would be around the $168 area. It hit LESS THAN $2 under that target and turned around for a 5 wave impulse to the upside. IF I am correct we are about to have a bull run on Tesla. The real question is, "Is this another retrace or the start of a new bull trend"?? Today was very telling but we're not out of the woods...

TSuth

The stated title are very good questions. The market is particularly volatile right now due to traders fighting on if the beginning of Super Cycle Wave 4 started vs Cycle Wave 5 starting. Times such as these are why it is very important to use stops with your trades. Positions can be evaporated overnight if not careful. Counts WILL become invalidated and you nor...

TSuth

Wave 5 may be extending to the down side. Stop loss set at $162.5. Be careful out there everyone. Market is acting suspicious 🤔