If you guys remember my last post I correctly predicted that tesla would go up as it was in the last phase (E) and would run until the reaccumilation would occure as I had drawn in orange lines. It looks like this is it as todays drop made it very clear. I see this going diagonally up towards $1350 where we will see Tesla reach the end of the reaccumilation and second massive uptrend will take place before we go sideways and then drop down again. Another thing that I want to mention is that the possibility of a split occuring is increasing and that the last split happened at $1374. That and that Musks tweeted about Tesla becoming the largest company in the world would probably happen in a few months back in spring. If this is true and we get another split at $1350 I can see Tesla going all the way to $2500 or more which would beat Apples marketcap by a small margine before crashing down as the stock always does. I currently do not follow any technical indicators as Teslas beta number is almost twice that of a regular company meaning that the indicators are scewd alot and the only way to truelly know what to expect is to read the candlesticks and follow the wyckoff reaccumilation pattern.
Please take a look at my previous publication for more information regarding my prediction.
Do not take this for financial advice. This is merely speculation based on historical data, social media, patterns, trends and market manipulation that i suspect causes this.
Please take a look at my previous publication for more information regarding my prediction.
Do not take this for financial advice. This is merely speculation based on historical data, social media, patterns, trends and market manipulation that i suspect causes this.
Comment:
Looks like we are at the "creek" right now in the wyckoff reaccumulation pattern if we look at the 15min chart.
Comment:
"Jump across the creek" now