In my last, post I stated Tesla would probably do something towards the end of the count juuuust enough to confuse everyone. Well friends, that time is now. It has decided to be a pian and make such a big jump on the release of the CPI data today. DAMN CPI!!! Just had to go and ruin a good count. lol
All jokes aside, we breached $250.50 today which was the low of wave 1. This means we are either dealing with an ending diagonal, or the nominal low we made on 09 August @ 10:15a.m CST of $242.21 counted as a wave iii low. An ending diagonal suggests we only need OML to consider this count to the downside complete and my target of $230 still remains intact.
The ALT count, which is just as likely honestly (MACD says so), is that we already made the low for this drop and are headed back up now. Tomorrow should answer that question for us. "Should" being the keyword in that sentence. Looking at MACD in almost every timeframe it says price is about to be headed up. Will we get OML on positive divergence?? Nahhh, that would almost be too perfect....wouldn't it?
I don't work tomorrow, but I will be pretty busy and will update as I can, if it's even warranted. If tomorrow starts off very strong to the upside there is a high chance we have already bottomed.
Bonam Fortunam,
--Tyler
All jokes aside, we breached $250.50 today which was the low of wave 1. This means we are either dealing with an ending diagonal, or the nominal low we made on 09 August @ 10:15a.m CST of $242.21 counted as a wave iii low. An ending diagonal suggests we only need OML to consider this count to the downside complete and my target of $230 still remains intact.
The ALT count, which is just as likely honestly (MACD says so), is that we already made the low for this drop and are headed back up now. Tomorrow should answer that question for us. "Should" being the keyword in that sentence. Looking at MACD in almost every timeframe it says price is about to be headed up. Will we get OML on positive divergence?? Nahhh, that would almost be too perfect....wouldn't it?
I don't work tomorrow, but I will be pretty busy and will update as I can, if it's even warranted. If tomorrow starts off very strong to the upside there is a high chance we have already bottomed.
Bonam Fortunam,
--Tyler
Comment:
This is what I expect to see. Obvious the move down to the bottom box won't be a straight line.
Comment:
I'm just gonna put this right here for all to see. I will make another post Sunday night.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
