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.
