Tesla started out with a very choppy beginning. This start even fit ALL the parameters for it to be a corrective retrace. I mean, I literally called almost every move Tesla made for an entire month, just for the count to most likely be bust. The only thing that makes sense to me is this move up started as a leading diagonal.
As you may notice, my previous primary count was changed to turquoise. A corrective count is still possible since we haven't technically busted the neg div that's been building. However, with the way price has been behaving, I feel the bull count is more likely. We extended to 2.382 as of now but could continue to extend. I personally, am waiting for a retrace to enter this trade. As stated before, these last few highs have all been on neg. div. and with the way price has continued to climb, it tells me we are due for a retrace at any time. Until then, we can continue to extend upwards towards the larger 0.786 fib line @ $420.
In my last post I stated what to expect after we finally top. That hasn't changed. We should move in a 3-wave fashion into what I am now calling wave (2). The higher price extends upwards, the more it raises our retrace targets higher. I work the next two days but will try to update as much as I can.
Bonam Fortunam,
--Tyler
As you may notice, my previous primary count was changed to turquoise. A corrective count is still possible since we haven't technically busted the neg div that's been building. However, with the way price has been behaving, I feel the bull count is more likely. We extended to 2.382 as of now but could continue to extend. I personally, am waiting for a retrace to enter this trade. As stated before, these last few highs have all been on neg. div. and with the way price has continued to climb, it tells me we are due for a retrace at any time. Until then, we can continue to extend upwards towards the larger 0.786 fib line @ $420.
In my last post I stated what to expect after we finally top. That hasn't changed. We should move in a 3-wave fashion into what I am now calling wave (2). The higher price extends upwards, the more it raises our retrace targets higher. I work the next two days but will try to update as much as I can.
Bonam Fortunam,
--Tyler
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That is supposed to say we can extend all the way to 0.786 @ $240****
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I want to reiterate, just because I make a post saying price should do this, doesn't mean to go long or short. It is to TALK about price action. I only make a few trades a month because I am picky. This allows me to keep a high rate of return on my investments.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
