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TheBadMrFox
Apr 5, 2021 5:50 PM

TSLA continued short  Short

NASDAQ:TSLA120
Tesla, Inc.NASDAQ

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As you can see on any bull market correction, the zig zags we can expect for a bull market , here on TSLA will yield one more wave to the downside before (possibly) continuing on its way Entry 699. Stop 701 Exit 640

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bing.com/images/search?view=detailV2&ccid=RP4Gm5l2&id=BAC84F84FB6098373A8D201E23192AAD5C886BB4&thid=OIP.RP4Gm5l2Sxgu0X5ZMpqjwgHaFc&mediaurl=https://worldcyclesinstitute.com/wp-content/uploads/2017/04/commbinations.jpg&exph=708&expw=963&q=elliott+triple+combo+wave&simid=608049343984698543&ck=8E9AE3C79E7BE2197442D3E3BB4C39BF&selectedindex=17&form=IRPRST&ajaxhist=0&vt=0&sim=11

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Using the 5-3-5 on a Bull Market correction.... bing.com/images/search?view=detailV2&ccid=DqSdt1fR&id=4914FED29D752034BC5CE9C992658F5872564776&thid=OIP.DqSdt1fRWZN0x6gHcNzH5AHaFj&mediaurl=https://worldcyclesinstitute.com/wp-content/uploads/2016/07/Elliott-Wave.009-001.jpg&exph=768&expw=1024&q=elliott+triple+combo+wave&simid=608041548652676381&ck=1229E3CDE070678BAD4BC3EB144F0570&selectedindex=1&form=IRPRST&ajaxhist=0&vt=0&sim=11&pivotparams=insightsToken=ccid_RP4Gm5l2*cp_8E9AE3C79E7BE2197442D3E3BB4C39BF*mid_BAC84F84FB6098373A8D201E23192AAD5C886BB4*simid_608049343984698543*thid_OIP.RP4Gm5l2Sxgu0X5ZMpqjwgHaFc&iss=VSI&ajaxhist=0

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If you got stopped out, simply reenter. Head and shoulders, Gap up into support, Hand Shoulders, 5-3-5 Elliot wave Bull pattern correction wave...

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This is a PNP MACD bearish Divergence, and head and shoulders, next we will expect a consolidation until a bullish XACBD Pattern is formed on retracment as low at 164ish....

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BALE BALE

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W, M HEAD AND SHOULDERS IXIC and SPX!!!! WATCH OUT!

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Trend AnalysisHarmonic PatternsWave AnalysisTesla Motors (TSLA)
Comments
nunzo1
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What is your prediction for the rest of this week? Are you expecting it to fill the gap around 660 today created at open?
JamesRunningLongAbbe
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dont do it, its not worth it. wait until it breaks over 800 XD
TheBadMrFox
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@JamesRunningLongAbbe, it will not even break 699
JamesRunningLongAbbe
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@TheBadMrFox, ok, but if it does, you have to liquidate everything and go all in on tesla long till at least $750 thats a steal of a deal.
TheBadMrFox
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@JamesRunningLongAbbe, Oh yeah, there is still another third elliot wave to crank out , but AFTER the short continues. we have not even retraced to .734 of whole wave which is down at $120.... lol . I'll go long THERE
JamesRunningLongAbbe
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@TheBadMrFox, yeah thats fair. i was going to ride it up and bail out along the way. XD then im holding cash until tesla is DIRT CHEAP
TheBadMrFox
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@JamesRunningLongAbbe, there is such a thing as too big too quick.... TSLA is a frightening example
JamesRunningLongAbbe
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@TheBadMrFox, i agree, but i still see a little room left in this run. only way i see tesla fulfilling Cathy's big bet is if tesla retests some really low lows...dont see how it continues to grow at this rate. needs to cool the fuck off.
TheBadMrFox
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@JamesRunningLongAbbe, oh no, i agree. there will be another wave that will fib extend 2.618-3 over the last high. Yet a 5-3-5 elliot wave pattern is pretty much standard.... It MUST retest that $596 or the previous low like $531, but I expect it retest the lower one... either way, thats $100 dowsnside
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