Overview: do I really need any update to my hourly count of the previous update?
Update of Oct. 7th:
Actual price action:
Update: we are near completion of wave (A) of 5 of c of (III). Let's see if we can come up with potential targets for wave (III) bottom (184-185):
Using fib ratios, from higher to lower degree waves:
1) Wave (III): 185.7
2) Wave c: 184.2
3) Wave 5: 184.87
Note that the 184-185 region is also the area that the correction of 2021 found bottom, so it is reasonable that it provides a short-term support (wave (IV)) this time.
Also note that if we take a look at the weekly chart of TSLA, it has formed and broke down through the neckline of a HUGE h&s, which shows it still has much room to go lower.
Update of Oct. 7th:
Actual price action:
Update: we are near completion of wave (A) of 5 of c of (III). Let's see if we can come up with potential targets for wave (III) bottom (184-185):
Using fib ratios, from higher to lower degree waves:
1) Wave (III): 185.7
2) Wave c: 184.2
3) Wave 5: 184.87
Note that the 184-185 region is also the area that the correction of 2021 found bottom, so it is reasonable that it provides a short-term support (wave (IV)) this time.
Also note that if we take a look at the weekly chart of TSLA, it has formed and broke down through the neckline of a HUGE h&s, which shows it still has much room to go lower.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penerbitan berkaitan
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.