Tesla

Nothing has changed still in regard to my analysis. I am still anticipating price to move into the target box completing intermediate wave (B). I have left the orange B on the chart in the event that possibility comes about but I am highly skeptical of it at this point. I have also placed a turquoise iii on the chart suggesting that our wave iv could be just beginning. If this is the case, then price would ideally drop to the $450's before making its final move into the target box.

Currently, price is down by almost $6 in the overnights. However, that small amount isn't enough to give us meaningful insight into what will happen tomorrow. If the white count is correct, then I anticipate we should be close to the target box by EOW. Should turquoise come about, then we likely have a couple weeks until the box is hit. Please let me know if you have any questions.