Tesla did not go lower as expected but broke resistance and jumped higher. The last wave from the 560 low looks very corrective with lots of overlapping waves. The EW count has price in a wave (y) of B where this wave (y) got extended and is now a bigger triple three. Tesla earnings are coming later this week and have always had red days after release. It will be interesting to see if this trend continues. If it does, it could be the start of a bigger wave down.
@jdemunter Not sure what's going on ... None of this makes sense, there is manipulation going on but it's a different one this time.
wolffarchitecture
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Hats off and a bow, Amazing Chart/ count ! This could be a record breaking short .... but I will need much more conformation
AT_2020
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@jdemunter , thak you for update. How do you think, if it will go to high (900) or even overhigh (let's say overhigh < 1000), could it all be still valid? As i can see, we have RSI divergence on weeks (from 2020 winter-early spring), figure looks like double top, and volumes decreased grately from 2020 spring, so, as i think, it probably should go down, than up. And i suppose, Tesla hugely overprised, and, even if it will costs 5000-10000 per share, first it should go at least on 500, may be even 350, or even 225
jdemunter
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@AT_2020, can be an expanded flat if it goes over 900