timwest
Long

Tesla Motors - TSLA - Daily - Time at a Price - Sell Signal Fail

NASDAQ:TSLA   TESLA MTRS INC
427 5 3
Perhaps a blog of exact trade signals would be more helpful than the current system - but here is an update.

The last 7-day buy signal that set-up failed by a lower mode of 7-days getting created and then a full day under that mode triggered a new 7-day downtrend. The very next day, TSLA             jumped (yesterday) and broke the 7-day mode and now the market will likely trade between these two 7-day modes for the next few months.

Lowest risk entry is against the 7-day mode and the best place to exit is up at the 7-day mode at 280.

Use your best judgment - Tesla             plans to announce something on October 9th, creating a whirlwind of uncertainty in the shares of TSLA             .

Tim

9:56AM EST 254.77 last +3.35 last
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2use
2 years ago
Amidst the possible change of trend in the stock market, you do think it is a good bet? I've seen a lot pointed a good buy only at 220 or less
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timwest PRO 2use
2 years ago
There's a lot of choppy action so far - to be expected after a nice slide in so many markets. Currencies had a strong directional move, equity markets have had some directional declines (EEM, Brazil, IWM) and to go down further requires a LOT of bounces along the way to keep people hoping that prices will recover. Some short term sentiment readings reached extremes very quickly in the decline, but I don't know for sure. I just think a relief rally (like today) is what the market needs to go down next week. TSLA is a long against a short in IWM. I lifted my IWM short yesterday just over 107 and looking to put it back on here today between now and the close.
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2use timwest
2 years ago
it cant go up all the time , and not down all the time as well. But i agree with you on EEM (i pulled out of Brazil in the nic of time, almost at the top...thinking japan is to follow and Europe had a nasty -2-3% yesterday). usually one side pulls the other back...but now it seems money will be pulled out of all the markets - nothing bullish about that.
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EWA
2 years ago
Hi Tim,

I am not an elliott wave expert (Learning now). I didn't break any rules here, Let me know what you think about this count.

Thank you
Saravana
Reply
EWA
2 years ago
Hi Tim,

I am not an elliott wave expert (Learning now). I didn't break any rules here, Let me know what you think about this count.

Thank you
Saravana
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