Some of my posts contained some contraband and were removed. The text has been removed and I am just re-posting so y'all can still see the other information.
As the title suggests, I am left wondering if wave (i) is done or if we will get the OMH I have been calling for. If you recall from my last post, I said I would like to see another high into at least the 1.786 @ $272.04. We may or may not get that move up, but notice how Tesla maintained while most other stocks fell (especially EV's)? Is this purely due to Tesla beating production estimates? Or is it because it is in a different portion of its count? We may never know, but it is an important question to ponder on in order to continue growing in our ability to predict markets.
Take a look at MACD. Notice how it didn't make a new low in the larger count but did on a smaller scale. Since then, it has begun to raise and is approaching the 0 line. Is this the clue we are looking for to guide us?
On the chart I am back to two different ALT counts. The orange is the least likely per the usual and will stay there until we finish wave (i)-(ii) and have started (iii). The turquoise count suggests wave v is already done and we have carved out our first micro-a wave. According to this, we should move up next for a micro b wave before dropping for c. OML is possible before rasing again which would give us some stronger positive divergence. Time will tell what Tesla has in mind as structure determines all. This has been some extremely choppy/hard to count stuff as of late though. As said before, the indecision is real lately with Tesla. I will be on the desk most of the day tomorrow and will update as needed.
As the title suggests, I am left wondering if wave (i) is done or if we will get the OMH I have been calling for. If you recall from my last post, I said I would like to see another high into at least the 1.786 @ $272.04. We may or may not get that move up, but notice how Tesla maintained while most other stocks fell (especially EV's)? Is this purely due to Tesla beating production estimates? Or is it because it is in a different portion of its count? We may never know, but it is an important question to ponder on in order to continue growing in our ability to predict markets.
Take a look at MACD. Notice how it didn't make a new low in the larger count but did on a smaller scale. Since then, it has begun to raise and is approaching the 0 line. Is this the clue we are looking for to guide us?
On the chart I am back to two different ALT counts. The orange is the least likely per the usual and will stay there until we finish wave (i)-(ii) and have started (iii). The turquoise count suggests wave v is already done and we have carved out our first micro-a wave. According to this, we should move up next for a micro b wave before dropping for c. OML is possible before rasing again which would give us some stronger positive divergence. Time will tell what Tesla has in mind as structure determines all. This has been some extremely choppy/hard to count stuff as of late though. As said before, the indecision is real lately with Tesla. I will be on the desk most of the day tomorrow and will update as needed.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers and a daily zoom call with members to discuss latest analysis and get a 7-day FREE trial
Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.