We need 5 waves down
So far we have a 5 wave structure up followed by A, B, and now C appears to be in the making. Theres a 1-2 formed but tomorrow it needs to start its 3rd wave down. If price breaches $124.13 then this is not our 1-2 down and there is a good chance we're still in c of B of 2.
On the chart I have marked, by a yellow box, the normal end point for wave 2's. This is if Tesla continues with a normal zig-zag wave 2 retrace. Time will tell. I plan on entering a LONG when the structure appears complete and has done what I predicted. I don't trade if price isn't doing exactly as I thought it would. Otherwise that means I am wrong and risking capital unnecessarily.
I will make another price after price has revealed its intent to us. Suffice to say I believe Tesla will be mostly red the next few trading days if this is in fact our C of 2.
Feel free to ask questions, like the post if you find it helpful and smash that follow button. Good night yall!
Good luck,
--Tyler
On the chart I have marked, by a yellow box, the normal end point for wave 2's. This is if Tesla continues with a normal zig-zag wave 2 retrace. Time will tell. I plan on entering a LONG when the structure appears complete and has done what I predicted. I don't trade if price isn't doing exactly as I thought it would. Otherwise that means I am wrong and risking capital unnecessarily.
I will make another price after price has revealed its intent to us. Suffice to say I believe Tesla will be mostly red the next few trading days if this is in fact our C of 2.
Feel free to ask questions, like the post if you find it helpful and smash that follow button. Good night yall!
Good luck,
--Tyler
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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