I think I've decoded the market structure in TSLA.
Let's see on Monday - if TSLA fails to reach 218, then the structure is confirmed, and all that's left is a devastating crash to below 40 in wave C of 5. And even if 218 is reached, then wave 5 is still due, only it will be ABC, but will take about the same time.
Wow! If you believe this, you should buy a bunch of puts. Sorry, but you are wrong.
KarunamoyMishra
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@nbeliopoulos crash happens when 99.99% doesn't believe, so yah we are in a over hyped market, sorry bro he is right, will you see you in last quarter, and thanks me later for s&p knocking the door of 3200, 🥂 enjoy the blood shed show, for the next 9 monthsm
bjorn2z
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@nbeliopoulos, Have you changed your opinion? Or do you still think that AndyM is wrong?
nbeliopoulos
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I have not changed my opinion.
subhajitubun
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why not 0!!
bjorn2z
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Andy, this was a great call. You nailed the short TSLA call of yours on March 31.
What happened on March 4? When TSLA ran up from 100 to 200, after having previously fallen from 400 to 100, that is a shorting oppurtunity. No? "The bull market continues, the 200 level has been successful reached and no reversal has happened thereafter. It means that the uptrend will continue and will test 260 next."
AndyM
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@bjorn2z, I was wrong on that one. The trend normally tries to repeat itself, means that after a correction the bullish move could have very well continued, but the downtrend prevailed, and then the longer-term structure became very clear. The downtrend will continue from here on.
bjorn2z
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@AndyM, Thank you. Makes sense. Your Mar 31 call on TSLA, short, love it. I am currently short both TSLA and NVDA. What else is a good short? META? ARKK? TLT 92 from last fall is not the double bottom limit? TLT can go much much lower than 92? I am "feeling" 1600 gold and 90 TLT are the bottoms. One or both can go much lower?
dauliyabishow
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Great analysis. After today's close, I am positive this chart takes shape in coming days.
bjorn2z
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Absolutely brilliant! You identified the 207 Friday top. On Friday. Thank you. I have been short TSLA. Tough in the beginning, but the last 17 months have worked well, as TSLA kept going down since the end of October 2021, as your chart shows so clearly.