Tesla Update: ED looks likely

Last night I mentioned it appeared Tesla was in an ED. I then posted what I wanted to see it do if that was the optimal count. Well, today it did exactly as I said it would. This makes it very likely this price action is an ED being carved out to finish the c of (C) of ((2)). We have positive divergence on the larger time frames, but today we made a new low on the 3min MACD. I believe this is just because it was a wave 3 and when we make our next low for v, we should regain that pos div on the 3min chart as well. At that point we will have pos div on ALL time frames if this is in fact how it works out.

I know many have been asking so let me as clear as I can be. I expect the bottom of this wave to be around $167-$170. It is possible that price drops to the 1.236 @ $154.94 but that is NOT my primary expectation. There is a good chance I start to buy some Tesla shares tomorrow with a tight stop which would be the first time in at least 2-3 months. If I start to buy some shares, I will probably buy some calls as well. If I do, I will post those trades on here.

Comment:

This is either an elongated wave iv or the start of our next bull run. Can't be both. I still feel we need another low to the red 1.0.