Tesla Poised to Bounce

We've known for a while Tesla was coming to the conclusion of this ABC retrace. Two days ago, I stated we had made a new low in the MACD indicating this all has been our (A) wave of ((2)). This all seems to line up with what the S&P have in mind as well. It has had a decent drop the last few days and is ready for a retrace, just as Tesla is ready for its (B) wave.

Nothing has changed in my count. We got that OML today that I called for and the 1.0 was able to hold us up. We could still yet get OML down to the 1.236 @ $141.38 but that is not my primary. We have been dropping in price making more new lows, yet the MACD has started to climb. This tells me that this move down has been on POSITIVE divergence and it is running out of steam.

Marked on the chart by a dashed arrow is what would be an "ideal" retracement for our (B) wave. Let's hope it's a clean 3-wave move and swift. lol

By all means post any questions/comments you have about Tesla on here. You can ask about anything not just Tesla. If you want to know about other securities/crypto, just ask.

Bonam Fortunam,
--Tyler

Komentarz:

Komentarz:

OMH into the box before a wave ((2)) retrace

Komentarz:

That OMH is supposed to be an ((a))