Tesla Update--11/28

TSuth Updated   
BATS:TSLA   Tesla, Inc.
We finally broke out today and made a new high. MACD is also still raising pretty strong. If my count is right we have already begun extending, so all I can say is expect a reaction at the &/or 1.618. The 1.618 would be a good place to start carving out some 3-4's to finish out wave iii around the 2.0. Then a minor retrace for iv before we raise to finish v of 1.

That is just what structure would ideally look like though and not required. Once a count starts to extend it gets harder to predict end targets. You just have to use your knowledge of fibs and how price nornally interacts with them.

I work the next two days and will update as able. Good luck y'all.

Bonam Fortunam,
Trade closed manually:
We can and most likely will move higher but I went ahead and sold 2 of my calls to lock in profits
Tesla is further along in its count than Rivian. If this is to be our wave iv then we should head up to the low $270's next. Otherwise we head down the the $210-$220 area for wave 2.

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Bonam Fortunam,

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