Tesla Update: 02/04/2024

Not really much new data as we have been chopping around this same are for over a week now. Starting at the 25 Jan low, we made a VERY sloppy 5 wave move higher. This seems more likely an abc move higher for the wave 4 that I called for. Since the 30 Jan high, we have been chopping lower in corrective structure. This makes me think we could very well be in an ED. It would fit nicely with the 1-2 more lows I have been expecting. Normally in an ED, wave 3's are more drawn out than the rest of the count. That is why i have the ABC labeled within the wave iii.

The flip side of this, if the move higher starting on 25 Jan is in fact an impulsive motive wave followed by a corrective structure, it could be counted as a 1-2 with 3 to follow. I don't find this very likely, but it is possible. It would fit with the larger count but just seems unlikely with how sloppy that move higher was. Judging by the news about Musk being released lately, I feel the prior count and original thesis to be the correct one. Time will tell but I feel we get our answers this week.

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Officially making a new low now

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If this is in fact an ED, then i expect us to raise in a 3-wave fashion to slightly breach $182.53 before falling for v.

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We breached the prior wave 1 low and are following my predictions thus far. All that is left for this count to be complete is make another low below $175.01 preferably to the 1.0 @ $171.67.