My previous labeling, I believe, is off by one degree. I know there is a lot going on in this graph, but I wanted y'all to see the raw data I'm working with.
The hard drop from Tesla's high of $177.38 seems to be that of a c wave with its impulsivity and strength. The yellow box is currently my ALT count but has a completely equal chance of coming to fruition as my primary. Problem is I can't have 2 primary counts lol. The reason I am in favor of this move down being over or only having OML to come, is how high we came in my (b) wave, carving a flat ABC. Also, if you note the MACD it seems to be signaling this move lower is losing steam.
Also, in the graph below it shows we hit the 1.618 fib line of the (a)-(b) move of our (B) wave
End target of $190-200 still hasn't changed. For now, we await price action to verify or invalidate my counts. As I said, both counts have an equal chance of occurring in my mind. If we are finished with this (B) wave, we should take off impulsively for wave (C) soon. The longer we meander down here though, the higher chances rise of us visiting my yellow box.
Bonam Fortunam,
--Tyler
The hard drop from Tesla's high of $177.38 seems to be that of a c wave with its impulsivity and strength. The yellow box is currently my ALT count but has a completely equal chance of coming to fruition as my primary. Problem is I can't have 2 primary counts lol. The reason I am in favor of this move down being over or only having OML to come, is how high we came in my (b) wave, carving a flat ABC. Also, if you note the MACD it seems to be signaling this move lower is losing steam.
Also, in the graph below it shows we hit the 1.618 fib line of the (a)-(b) move of our (B) wave
End target of $190-200 still hasn't changed. For now, we await price action to verify or invalidate my counts. As I said, both counts have an equal chance of occurring in my mind. If we are finished with this (B) wave, we should take off impulsively for wave (C) soon. The longer we meander down here though, the higher chances rise of us visiting my yellow box.
Bonam Fortunam,
--Tyler
Yorum:
We should drop to the 0.618 @ $166.02
Yorum:
This OML on positive divergence is all we needed for this minor retrace to be completed. Should be headed back up soon
Yorum:
Awaiting price action or EOD to make a post. Whichever comes first, but it won't be changed much unless we get the price action lol
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
