It had OMH

Two days ago I said Tesla could go up to $200-205 which was the 0.5-0.618 fib lines of micro wave 3. It did that today and turned right back around at $200.80. Afterwards Tesla declined in a 5 wave structure for what I believe is THE final leg down in this decline. It also correlates with the S&P set to decline tomorrow, thus i would not be surprised if it were to drop precipitously after the small abc retrace completes.

As I have said recently I plan on buying around $168. This has not changed and I will still be looking for an entry around that price zone.

Keep in mind though, if structurally its intact, all it really needs to do is make a new low below $177.14. As always trade at your own risk. You're decisions are your own. It is your responsibility to manage your own risk.

Good luck to all,
--Tyler