Tesla Update: Only need 3-wave retrace for confirmation

9 Şub 2024

This move up has been somewhat sloppy, but I get 5-waves out of it that thus far have hit standard fibs for the most part. Structurally it looks complete to me and MACD seems to agree with this count too as of now. What I want to see next is a 3-wave retrace into the target box. The reason it is a wide box atm is due to the nature of wave 2's. They can be short, long, shallow, or deep. Once we have our a-b waves carved out, I can refine the box for better entries. This lines up nicely with the retrace I am expecting from Coinbase.

If this count breaks down and fails, I expect we will head back down towards the 1.0 @ $171.67. As of now, I don't think that is likely with the recent price action. As said before though, we never tagged that 1.0, and more times than not A=C. Friday's, traders seem to sell more due to the weekend phenomenon, so that also lines up with this count. We will see though as I don't like using things of that nature to justify my count. I use raw data and price action ALONE to make my counts / thesis.

As always, if I make any trades I will post them on here. Also, don't forget beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.

9 Şub 2024

Not

Don't forget, beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.

9 Şub 2024

Not

I'm not a big fan of how Tesla is acting. I want to see its action today before I make any conclusion, but it's not behaving "normally"