TSLA Short

*I apologize if this looks like a laser-light show*

I believe now is the time to short TSLA if you haven't done so already. The prime time would have been to do it above $920 in my opinion, but, nevertheless, we had a text-book parabolic rise which ended with a high of $968.99, and the best time to short a parabolic rise is when it attempts to retest the previous high and fails. With that being said... parabolic rises of average retrace anywhere from 62%-78% which would put TSLA anywhere between $479-$347 (don't worry, it doesn't happen overnight). We are now in a long period of consolidation that will lead to more sideways movement and downside.

Right now I believe we are in an "ABC" correction which is taking place in the form of a regular flat, which is a 3-3-5 sub-wave movement. We have just finished our B wave within the ABC wave structure, a textbook regular flat's B wave retraces 90% (90% would be $940.79 and we retraced to $944.78), then our likely targets for wave C will be a 1:1 extension of wave A ($662.79) as well as a 1:1.236 extension of wave A ($596.24).

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Thank you.
Comment: 1st short term target of $800 reached - which happens to be the 2:1 Gann Fan ratio support line, which will likely turn to resistance.
Comment: 1st target hit... faster than expected.
Comment: Of $662.79 ^

More to come.
Comment: Both short term targets were hit. 2nd target why shy by less than $15 - Not bad!


After two days of everything dropping Tesla is still quite in shape. What's your strategy for the next couple of weeks?
Trendencies ludusanioan
@ludusanioan, Enjoy a nice drink while this plays out perfectly :)
You seem like a smart dude. thx
Trendencies owen-bir
@owen-bir, Thank you!

I'm glad you enjoy my content. Expect a lot more to come!
FYI This is not financial advice lol... just my amazing opinion, that is all.
last shorters have waiting forever.
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