Tesla has been pretty indecisive for the past couple trading days. It just doesn't seem to know what it wants to do. This post will be very short due to that very reason...there's nothing new to report. MACD has completely leveled out on the hourly and price went sideways. From the high of $274 Tesla had a corrective move down to $255. It then proceeded to have a 5 wave move up that came way short of the 0.618 @ $281. We could still make our way up to the $280's though which is why I have left the turquoise B on the chart.
We also never crossed the low of A wave @ $253.97 so if this count is correct, we still need to make our trek down to complete this ABC retrace. When we get more data, I can make a new post with better information. Unfortunately, I just don't really have anything new to share yet.
Don't forget about the orange (2) on the chart either. It states we are already in wave (3) of 3...but for obvious reasons I don't think that will happen. I would say there is about a 40% chance we head to $280's and 60% we head down towards my target box next. Time will tell.
Bonam Fortunam,
--Tyler
We also never crossed the low of A wave @ $253.97 so if this count is correct, we still need to make our trek down to complete this ABC retrace. When we get more data, I can make a new post with better information. Unfortunately, I just don't really have anything new to share yet.
Don't forget about the orange (2) on the chart either. It states we are already in wave (3) of 3...but for obvious reasons I don't think that will happen. I would say there is about a 40% chance we head to $280's and 60% we head down towards my target box next. Time will tell.
Bonam Fortunam,
--Tyler
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
