Overview: let's review the expectations on the previous update:
Update: TSLA followed the expected path precisely, although in a different structure. What I see now is that we are developing wave (IV) of C as a zigzag: we are in wave c of (IV) at the moment.
Potential targets for wave (IV) peak? (246.3-250)
1) Retracement of wave (III): 242.6, and 246.29
2) Volume profile of wave (III): 247.8 is the VAH.
3) Based on the channels that we have, ~250 looks like a reasonable target, depending on when we reach the channel extreme.
Also, note that 250 has proved to be an important pivot on TSLA.
- We completed wave (III) of C of (Y) of B this week at 202, higher than we expected.
- What follows is wave (IV) of C.
Update: TSLA followed the expected path precisely, although in a different structure. What I see now is that we are developing wave (IV) of C as a zigzag: we are in wave c of (IV) at the moment.
1) Retracement of wave (III): 242.6, and 246.29
2) Volume profile of wave (III): 247.8 is the VAH.
Also, note that 250 has proved to be an important pivot on TSLA.
