Tesla has a decision to make. According to my analysis the S&P and NASDAQ are bother set to fall pretty sharply soon. Problem is, they along with Tesla here, could have another slight push higher before ultimately falling again. Or they could all just fall from here. The recent push higher for Tesla just seems to be an odd pattern for this type of raise higher. No rules limit the number of WXY zig zags in any one pattern, but if this is the correct count that would make the count up to 2 of them now.
If we raise higher then I see us tagging the 1.0 @ $259.15 with a high of $ 270ish before dropping pretty hard. As you all know price was stubborn and stopped me out @ $231 so I will wait and use those funds to short the index's when the drop.
The ALT count of that is that our (B) wave was just really short and we have already carved our 1 and possibly finished wave 2 of (C). This would indicate we are about to drop hard. Hence my conundrum, according to my analysis both of these counts have an equal chance of playing out. The advice I would give, if you're out then stay out. If you're already in, then just manage your stops according to your own risk tolerance. This should tell us tomorrow or Tuesday at the latest what is coming in the near future.
Ultimately, whatever happens in the short term is mostly irrelevant. As i said in my prior post, we are headed for all time new highs soon for Tesla. Soon is a relative term though. Don't take that to mean next week lol. I mean in the next few YEARS to come. The intermediate future shows a price closer to $200 before we take off for that big trek higher though. Question is, What track will price take to get there?
Bonam Fortunam,
--Tyler
If we raise higher then I see us tagging the 1.0 @ $259.15 with a high of $ 270ish before dropping pretty hard. As you all know price was stubborn and stopped me out @ $231 so I will wait and use those funds to short the index's when the drop.
The ALT count of that is that our (B) wave was just really short and we have already carved our 1 and possibly finished wave 2 of (C). This would indicate we are about to drop hard. Hence my conundrum, according to my analysis both of these counts have an equal chance of playing out. The advice I would give, if you're out then stay out. If you're already in, then just manage your stops according to your own risk tolerance. This should tell us tomorrow or Tuesday at the latest what is coming in the near future.
Ultimately, whatever happens in the short term is mostly irrelevant. As i said in my prior post, we are headed for all time new highs soon for Tesla. Soon is a relative term though. Don't take that to mean next week lol. I mean in the next few YEARS to come. The intermediate future shows a price closer to $200 before we take off for that big trek higher though. Question is, What track will price take to get there?
Bonam Fortunam,
--Tyler
ความคิดเห็น:
Looks like neg divergence is building on almost every timeframe. Most likely will head down soon
ความคิดเห็น:
Tesla is working on neg divergence. If you are long be very careful. I am no longer confident it will raise all the way to my top target box. Not saying it can't, just that the odds are against it and I think we head down today.
ความคิดเห็น:
The little engine that could!! Will it make it to the box before the hard fall???
ความคิดเห็น:
Made it to the target box!! 3min micros say this move is running on fumes. This count could still raise a little but appears complete to me. I am expecting it to turn downwards in the near future.
การซื้อขายยังคงดำเนินอยู่:
2 Puts with strike @ $215 exp: Sep 29th
Will open more if we raise more
Will open more if we raise more
การซื้อขายยังคงดำเนินอยู่:
Added 3 puts
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
