Overview: the count that I currently have on TSLA is EXACTLY the same count published on July 31st 2022 (my very first TSLA idea was published on July 3rd 2022). On that day, TSLA closed at 297.15 and I had the idea that it is going to 133 to complete wave C of (Y).
Since then, we have been updating the hourly count on the weekly updates.
Update: what I see on TSLA at the moment is that we are in wave (b) of V of C of (Y) of 2. This wave 2 is a correction to the whole bullish move of 2010 to 2021 (wave 1).
FOR NOW, I have 89.49 as a potential bottom for wave 2, based on the retracement of wave 1 and the volume profile. It depends on your strategy on how you want to play TSLA, but it is definitely a falling knife that can go much much lower.
I prefer to go level by level, IF we don't see any sign of accumulation around 89.49, it will definitely go to 60.54 (again the reaction to that level and the wave structure should be evaluated to see if that level holds or 42.27 comes next). When we have wave (c) of V starting to develop, we will have a better idea of what can actually happen based on its structure.
On the hourly chart, I see wave (b) of V developing as a double zigzag, and we are inside wave C of y of (b) at the moment.
Since then, we have been updating the hourly count on the weekly updates.
Update: what I see on TSLA at the moment is that we are in wave (b) of V of C of (Y) of 2. This wave 2 is a correction to the whole bullish move of 2010 to 2021 (wave 1).
FOR NOW, I have 89.49 as a potential bottom for wave 2, based on the retracement of wave 1 and the volume profile. It depends on your strategy on how you want to play TSLA, but it is definitely a falling knife that can go much much lower.
I prefer to go level by level, IF we don't see any sign of accumulation around 89.49, it will definitely go to 60.54 (again the reaction to that level and the wave structure should be evaluated to see if that level holds or 42.27 comes next). When we have wave (c) of V starting to develop, we will have a better idea of what can actually happen based on its structure.
On the hourly chart, I see wave (b) of V developing as a double zigzag, and we are inside wave C of y of (b) at the moment.
