Tesla Update: iv has begun on schedule

Today went pretty much how I thought it would go. We rose to the $217 area and then started to move back down. If you were following along today, you know that was most likely the a wave and start of b wave. It is possible that was all of iv but doubtful. I expect us to drop to around the $207-$209 area before popping back up for our C wave of iv. If this plays out according, I am going to buy some puts for our wave v of (3) down. If I get the chance, I may buy some calls for this c wave but it depends on my assignment.

I work tomorrow and most likely won't be able to update very much. I will do what I can. If you have questions, feel free to refer back to my previous posts linked in the bottom or ask them on here. Give the post a like if y'all find my information useful. That's how I get the most/best outreach is when y'all like and follow me. Good luck!

Bonam Fortunam,
--Tyler

Komen:

Don't forget we are still in a downward bias structure and all positions should be protected with stops in the event price has other plans. Stay on your toes!

Komen:

Either micro b of iv was really short/small or this has all been micro a. More price action is needed to discern the two counts

Komen:

We tagged the bottom of my target box but I think we get another high to around $225. It is this area that I am looking at 11/17 $180 strike puts

Komen:

I still feel OMH is warranted. Not required though so be careful and trade accordingly. I don't want us to breach the 1.0 @ $226 for any reason.

Komen:

I work tomorrow so I don't have much time but wanted to update yall. Today we rose high enough to tag the bottom of my target box but I don't think it's over yet. This could be all of wave iv technically, but it needs to be a little longer and deeper to have alternation with wave ii. Technicals have reset and price looks ready to move higher on tomorrow's open. This would finish out iv hopefully tomorrow. If price drops tomorrow in a CORRECTIVE fashion expect it to be micro b as that would make this wave iv last until Thursday. If price drops impulsively then v has started. I think we make OMH to finish iv as my primary, and us being in micro b is my ALT. I don't predict time but either way tomorrow should bring clarity.