Tesla hit the 1.0 the other day and bottomed at $151.72. As of now it has come up nicely and followed the rules. We hit the targets for our ((a)) wave, but ((c)) was so ready to get started ((b)) only got to the 0.382. The thing to remember is pay attention to your structure. Price made an abc into the 0.382 and that is all that is technically required of a ((b)) wave.
We then started to carve out what I'm calling a 5-wave impulsive move towards $166.79 - $170.89. Labeled on the chart is my predicted pathway for Tesla come Monday. You will notice in the 3 box there is also a turquoise 5. This is my ALT count suggesting our ((c)) wave has completed prematurely and we are headed down in our B wave. I think this is highly unlikely though given the fact we haven't even hit the 1.0 of our abc starting from the ((A)) wave low.
Once we hit my target box labeled wave 5 of ((c)) of A, I will be able to dial in targets to the down side. That will just be a B wave retrace and once we finish, we will head higher again in wave C towards our ultimate ((B)) wave target. There is always the possibility we subdivide into another ABC, but ultimately, I believe this reconciles at $190 -
200
regardless of how we get there.
As I said before, I have already made my buy and if you followed did too. All there is to do now is sit back and track the chart until it invalidates or confirms. DO NOT FORGET YOUR STOP!! I have mine at $151.70 until after the upcoming B wave is done, in which I will raise it from there to protect profits. As always please ask questions or debate my count.
Bonam Fortunam,
--Tyler
We then started to carve out what I'm calling a 5-wave impulsive move towards $166.79 - $170.89. Labeled on the chart is my predicted pathway for Tesla come Monday. You will notice in the 3 box there is also a turquoise 5. This is my ALT count suggesting our ((c)) wave has completed prematurely and we are headed down in our B wave. I think this is highly unlikely though given the fact we haven't even hit the 1.0 of our abc starting from the ((A)) wave low.
Once we hit my target box labeled wave 5 of ((c)) of A, I will be able to dial in targets to the down side. That will just be a B wave retrace and once we finish, we will head higher again in wave C towards our ultimate ((B)) wave target. There is always the possibility we subdivide into another ABC, but ultimately, I believe this reconciles at $190 -
200
regardless of how we get there. As I said before, I have already made my buy and if you followed did too. All there is to do now is sit back and track the chart until it invalidates or confirms. DO NOT FORGET YOUR STOP!! I have mine at $151.70 until after the upcoming B wave is done, in which I will raise it from there to protect profits. As always please ask questions or debate my count.
Bonam Fortunam,
--Tyler
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
