One look at TSLA shows no doubt that of a market leader with 5 big waves up and of this 5th wave 3 of the 5 thus far showing. Which IF IF IF it is going to follow the script of 5 waves of 5 ? we still need a 4th wave and then the final suck in the little guy wave to complete the pattern.
Tim, exactly. I guess I should have worded it better. Wave 5 ought to be comprised of 5 waves up (ABCDE) of which we have ABC with D (4) and E (5) yet to show up, of course this all assumes it follows the classic ewave script. It all depends now upon whether D is going to be a pullback via price or sideways via time. . So that all said in order for me to even consider going long I need to see some sort of pullback to at or near the blue line support but that's me.
timwest
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Wave 5 is an a-b-c? Since when is a wave 5 an a-b-c?
Amazingpowerpatternguy
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Tim, exactly. I guess I should have worded it better. Wave 5 ought to be comprised of 5 waves up (ABCDE) of which we have ABC with D (4) and E (5) yet to show up, of course this all assumes it follows the classic E wave script. It all depends now upon whether D is going to be a pullback via price or sideways via time. . So that all said in order for me to even consider going long I need to see some sort of pullback to at or near the blue line support but that's me.