If my thesis is correct then Tesla topped out in it's wave 4 @ $233.80. In the chart above I have an ABC retrace suggesting we should get OMH up to $227.01-229.60. This is not required for the count, I just think micro-wave 2 will cut more into micro-wave 1.
Afterwards we should be headed down for our micro-wave 3 of sub-wave 1 of Primary Wave 5 of C Wave...what a mouthful. Hopefully sub-wave 1 should end around $212 for a retrace to around $220ish.
Overall I'm looking for a bottom to Telsa around $180-185. I have given more room in my box then just a $5 window, however wave 5 typically ends at the 1.414 Fib line of Wave 4. As long as we do not breach $233.80 this count stays intact. At that point, it will be an AMAZING entry point into Tesla if my count is correct!! Good luck to all.
👑💰TEAMWORK MAKES THE DREAMWORK💰👑
~Tyler
Afterwards we should be headed down for our micro-wave 3 of sub-wave 1 of Primary Wave 5 of C Wave...what a mouthful. Hopefully sub-wave 1 should end around $212 for a retrace to around $220ish.
Overall I'm looking for a bottom to Telsa around $180-185. I have given more room in my box then just a $5 window, however wave 5 typically ends at the 1.414 Fib line of Wave 4. As long as we do not breach $233.80 this count stays intact. At that point, it will be an AMAZING entry point into Tesla if my count is correct!! Good luck to all.
👑💰TEAMWORK MAKES THE DREAMWORK💰👑
~Tyler
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler