Overview: I need to refer to a very important note on the previous update:
"So far, this count has not been invalidated, but due to the strength observed on TSLA , I now prefer to change my count, as it is not the most probable scenario anymore, yet not impossible."
Update: It seems I was tricked by the price action of TSLA in the previous update as I was expecting TSLA to rally a little more before rejection for the next bearish leg.
Now, I am going back to the count of 2 weeks ago : we are in wave (III) of C of (Y) of B. Looking at the 4-hour chart, we are in the final stages of wave a of (III) of C of (Y) of B.
Note that a decisive breakdown of the hourly bullish channel is a strong confirmation of our count.
"So far, this count has not been invalidated, but due to the strength observed on TSLA , I now prefer to change my count, as it is not the most probable scenario anymore, yet not impossible."
Update: It seems I was tricked by the price action of TSLA in the previous update as I was expecting TSLA to rally a little more before rejection for the next bearish leg.
Now, I am going back to the count of 2 weeks ago : we are in wave (III) of C of (Y) of B. Looking at the 4-hour chart, we are in the final stages of wave a of (III) of C of (Y) of B.
Note that a decisive breakdown of the hourly bullish channel is a strong confirmation of our count.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.