So needless to say the markets were crazy today!! Tesla was no different. It hit a low of $198.59, just inside my wave 3 box yesterday morning. I was expecting more of a drop though so I DID NOT make any trades. Today it hit a high of $224.34 for what I believe is the A wave of our primary Wave 4. The reason behind my thought process is this was an impulsive 5...
Rivian looks like it may be in an ending diagnol. This recent retrace today overlapped wave 1. The only way this makes sense to me is if it is an ending diagnol as that's the only way wave 4 can retrace into wave 1 territory. It's either that or my count is wrong which is very possible. Time will tell. Let's wait and see what price action tells us this...
We should be in our sub-wave 5 of Primary Wave 3 right now. The structure looks to still need at least OML before completion. If my analysis is correct then once price reaches my box of $187.95-199.30 (preferably $190ish) we should see a nice bounce for our primary Wave 4. This will be a quick retrace IMO if Tesla is to catch up to the rest of the market. This...
I believe Tesla is in its sub-wave 4 of wave 3 at this time. This still coincides with the original end target for wave 3 @ $185-200 I made on Oct. 11th. (Look at past post) This also coincides with the upcoming bottom to the US Markets. When Tesla finally does bottom I think it's going to rebound big time so make sure y'all are ready when the time gets a little...
I haven't quite figured out how to better/best predict timing of pricing points. Something I hope to significantly improve on. Nonetheless timing doesn't change price targets. I believe the S&P is set to decline tomorrow in what I hope is wave C of sub-wave 2 of wave 1. If that's the case I'm almost certain Rivian will make its move down to the $25.71...
As stated in my last couple posts Rivian was due for a bigbdrop. The big retracement in the markets attributed to the delay on Rivians price dropping IMO. Nonetheless, the drop was coming regardless of what the market has planned. We are still in our sub-wave 3 of wave 3. $24.5-$25.71 is our target zone before a retrace for sub-wave 4. I'll be able to generate a...
The S&P seems ready to start its final trek down in its Wave 5 tomorrow(hopefully). With it Rivian will, IMHO, head down towards my price box of around $25. There should be a decent pull back for sub-wave 4, if not expect it to extend wave 3. You can see this by looking at the MACD. Good luck! 👑💰TEAMWORK MAKES THE DREAMWORK💰👑 ~Tyler
Looks like Tesla is extending in its Wave 3. My price target is around $185-$190 @ the 2.618 Fib line of Wave one and the 1.618-1.786 Fib lines of the normal Wave 3. This close to the bottom, I'm sitting these final mechanisms out. Good luck to anyone "brave" enough trying for these scraps. When we come into this target area we should get a nice bump up to...
Looks like we've finished sub-wave 2 and are about to make our journey down for sub-wave 3. The third wave is most commonly the strongest and longest lasting wave, and we're about to enter sub-wave 3 of Wave 3... $25.71-$24.50 are my next price targets. After that Rivian should rally for a sub-wave 4 up to the $26.90-$28.47 area. S&P should bottom tomorrow or...
Rivian is obviously still currently in its Wave 3 and has a long way to go. Ideally/normally it will go to AT LEAST the 1.618 Fib line of Wave 1. That price point is $24.99. But Wave 3 is the most common Wave to extend so we will have to wait and see how this plays out. Only time will tell. Short this stock if you really have to, but with the major markets...
Tomorrow Rivian should start its next trek down in its Wave 3. Most people will say the stocks falling due to recalls or this or that. Long story short, we knew the stock was going to drop before this news even came out. So, it does nothing to change my strategy. For arguments sake you could say this drop was B of 2. Which would warrant a rise above $37.38....
As stated in my thesis last night Rivian was due to start its Wave 3 and play catch up with the market. It has done exactly that, down 8.5% already today. I am eyeing $29.74 @ the 1.786 fib line for a start to a sub-wave iv retrace to about $31-32 potentially. We have to wait until sub-wave ii finishes to have a better idea where sub-wave iv will likely end. I...
In my chart titled Rivian in its Wave 2?? On Oct 2nd I posted that Rivian was likely about to begin its Wave C of 2 retrace. I was slightly premature with that call and it was the last sub wave 5 of wave 1. After that Rivian dropped from $32.92 $31.02 for 5.8%. In that post i stated "either way its not a good time to trade imo" If you waited it out for clues,...
In my last post I stated "if we break $40.56 then it invalidates my primary count." Well, needless to say, we broke that price point. What I am seeing here is we have 5 sub waves down to complete our primary Wave 1. The sharp increase from our last low leads me to believe it is most likely our A of 2 retracement. I have marked the 0.5-0.618 fib lines as a...
Last week I described us being in wave 2(black). This is still a valid count and my primary theory until proven wrong. Beyond the line I have marked and it invalidates my theory. At that time my Alt count(orange) becomes my primary for a target of $43.24-44.64 and end of Wave 5. If I am correct and this is still a Wave 2, then tomorrow won't be a great day for...
This is my first post and I am still a novice. Any differing ideas please let me know. You can't learn without being challenged. Hopefully this helps someone out there. Wave 1 and 2 are clearly visible here. Knowing the length of Wave 1 helps us to determine/predict where Wave 3 will end. $24.62 is the 1.618 Fib line of Wave 1. This would be a good place to...