I want to start off by letting everyone know, three of my recent posts have been taken down. The reason they gave me is that I have been creating unsolicited advertising in the posts. I am trying to talk with them now to figure out the best way to get information out to my followers. When I know something, I will try to update everyone.
That being said Tesla has still been frustrating to count for a while now. This action just seems so overlapping in the micros and isn't behaving as I would like. The larger picture though, still looks impulsive and isn't too overlapping. This is the main reason I have kept my primary count intact. Larger picture is always king and controls everything. As you notice I added an extra ALT on to the chart. This is turquoise and assumes wave (i) is over and we are starting wave (ii). Structurally this count seems complete and could drop bringing it and Rivian in line with each other again. Hence the new ALT added to the chart. If the turquoise count comes to fruition, then I would expect it to take us to the $220 area for a standard retrace.
The 2nd ALT is labeled in orange and assumes this has all been corrective. If this is the case, as specified in a previous post, I would expect it to bring us to sub $200 around the $170ish area. I don't think this is the correct count, but it is a possibility that we need to keep in the back of our minds.
Should the primary count be the right one, then I think we still work our way up to the large target box. Due to the weakness Tesla has shown, Elon's antics, and the health of the broader market, I feel the 1st ALT is becoming increasingly more likely. As I said before, structurally this move up could be considered complete and we could drop tomorrow for either c of (a) of (ii) or (c) of (ii). Until we get some clearer price action I can't be for certain. MACD is suggesting tomorrow should be a red day, same as Rivian. Time will tell. Let's hope we finally get some answers tomorrow. The main clues will be in the structure that is carved out.
Bonam Fortunam,
--Tyler
That being said Tesla has still been frustrating to count for a while now. This action just seems so overlapping in the micros and isn't behaving as I would like. The larger picture though, still looks impulsive and isn't too overlapping. This is the main reason I have kept my primary count intact. Larger picture is always king and controls everything. As you notice I added an extra ALT on to the chart. This is turquoise and assumes wave (i) is over and we are starting wave (ii). Structurally this count seems complete and could drop bringing it and Rivian in line with each other again. Hence the new ALT added to the chart. If the turquoise count comes to fruition, then I would expect it to take us to the $220 area for a standard retrace.
The 2nd ALT is labeled in orange and assumes this has all been corrective. If this is the case, as specified in a previous post, I would expect it to bring us to sub $200 around the $170ish area. I don't think this is the correct count, but it is a possibility that we need to keep in the back of our minds.
Should the primary count be the right one, then I think we still work our way up to the large target box. Due to the weakness Tesla has shown, Elon's antics, and the health of the broader market, I feel the 1st ALT is becoming increasingly more likely. As I said before, structurally this move up could be considered complete and we could drop tomorrow for either c of (a) of (ii) or (c) of (ii). Until we get some clearer price action I can't be for certain. MACD is suggesting tomorrow should be a red day, same as Rivian. Time will tell. Let's hope we finally get some answers tomorrow. The main clues will be in the structure that is carved out.
Bonam Fortunam,
--Tyler
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
