TSuth

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!

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...