I added some fibs onto the chart now that we have some more price action to the downside. Notice how we came $0.06 cents from the 1.618 extension and then retraced? This is a sign that the first mini-A wave is most likely complete, and we should raise higher towards the box for the mini-B wave. We don't have to raise all the way into the box but that would be considered a standard move.
MACD also made a new local low today helping to reinforce this is an A wave of some degree. If one were to want to try and trade this retrace, a HARD stop of $253.90 should be enacted. I myself am not going to try and long it as B waves are risky trades, but a standard move should see price bounce around $15-$20.
Any ideas on Tesla please? I am still stuck with it. Bought them around $235. God bless you
TSuth
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@imr77 Sorry, you're still stuck with it. but in order to get more detailed information, you'd have to become a member of my site. I might make a post on Tesla next week
imr77
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Miss you here bro. Wish you didn’t have to reduce your time on this forum.