Please use pan and zoom to understand this chart.
The bullish reversal on June 4th, was played out perfectly on the last Bull trend line.
However, BULLS, welcome to your worst nightmare coming true in the following months before EOY.
Bulls are no longer investors, but speculators which means this is no longer a market about growth. It is about a race to bankruptcy and Elon Musk resigning as a CEO of TSLA. Have you priced that in? Do you think your stop loss will save you? Ha. I don;t think so.
Now, it is not all that bad for now. Bulls, have shown that they can defend the last remaining bull trend from 1-2 wave, which indicates that company is on the life line, and with just a few set backs well, - hello 200$.
TSLA is an awesome product, but TIME is not their side and the global recession will continue to affect every industry.
The fact that Musk is betting big on China's factory, comes a poor timing, as relationship will continue to worsen between USA and CHINA and it will affect the very pointless factory, when Chinese will invest into NIO and support their products and not american. Not to mention the expense of 250 MILLION. Not to mention the unforeseen consequences of having tsla factory in China. Such as sabotage, espionage, and theft.
Obviosly trade accordingly, but WE can all agree, WE the BEARS were correct! Now the BULLS think they are correct because of June 4th, that is fine, it was an expected rally, between shorts covering and bulls buying.
Short AT D point, buy again at C and watch where E lands to make a new MACRO decision for TSLA. TSLA can surprise us, if Europe improves and India will be eager to acquire TSLAs. So stay frosty, this could still be an ABC patterns for a deeper drop to $134 or lower.
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you,
Ajion
The bullish reversal on June 4th, was played out perfectly on the last Bull trend line.
However, BULLS, welcome to your worst nightmare coming true in the following months before EOY.
Bulls are no longer investors, but speculators which means this is no longer a market about growth. It is about a race to bankruptcy and Elon Musk resigning as a CEO of TSLA. Have you priced that in? Do you think your stop loss will save you? Ha. I don;t think so.
Now, it is not all that bad for now. Bulls, have shown that they can defend the last remaining bull trend from 1-2 wave, which indicates that company is on the life line, and with just a few set backs well, - hello 200$.
TSLA is an awesome product, but TIME is not their side and the global recession will continue to affect every industry.
The fact that Musk is betting big on China's factory, comes a poor timing, as relationship will continue to worsen between USA and CHINA and it will affect the very pointless factory, when Chinese will invest into NIO and support their products and not american. Not to mention the expense of 250 MILLION. Not to mention the unforeseen consequences of having tsla factory in China. Such as sabotage, espionage, and theft.
Obviosly trade accordingly, but WE can all agree, WE the BEARS were correct! Now the BULLS think they are correct because of June 4th, that is fine, it was an expected rally, between shorts covering and bulls buying.
Short AT D point, buy again at C and watch where E lands to make a new MACRO decision for TSLA. TSLA can surprise us, if Europe improves and India will be eager to acquire TSLAs. So stay frosty, this could still be an ABC patterns for a deeper drop to $134 or lower.
Good luck everyone ;)
**LEGENDS**
BLUE = Bear/Resistance
Yellow = Bull/ Support
~Explore the chart for possible scenarios of price actions - use zoom and scroll for better view.~
/*This information is not a recommendation to buy or sell. It is to be used for educational purposes only.*/
If you want your coin to be analyzed, JUST ask.
If you got a question, ASK away!
And please keep those Stop losses in place!
Fractal dates are moments of interest, where price and time collide to create oscillation - vertical lines!
Thank you,
Ajion
Thank you for your support in my efforts to better understand: financial chart behavior and Fractal Universe.
twitter.com/Puniks_
twitter.com/NexusWars_
ajion.org
twitter.com/Puniks_
twitter.com/NexusWars_
ajion.org
