As I have stated I believe Tesla isn't yet done with the wave ((2)). Also, last post I mentioned I believe we are sub-dividing even more in this ((B)) wave. This is due to signals the MACD is sending to us. When one knows how to use it appropriately, the MACD will tell you all kinds of secrets. If I am correct, the next high we make will be for (A) wave and we will then head down in a 3-wave fashion to the $160-$170 range for (B). Once we carve out this next (B) wave, we will head up in (C) of ((B)).
We have already made another high on neg. div., however, it appears structurally to need another high on the 1HR time frame. The smaller time frames such as the 15min appear to be structurally complete though so one must be careful. I think it is a small possibility, but we could technically be done with this move up already and start heading down. Always remember, no matter how small the possibility, you must always take each and every one into account with a plan ready in case the count comes to fruition.
The NASDAQ is severely overextended and could drop at any time. It hit over the 2.0 fib line by 0.25cents and turned around. This tells me it will most likely poke slightly higher above that fib line and then head down for its next A wave. This may be counter to most people's thoughts due to the recent rally and probable debt limit agreement congress just made. But A waves typically surprise people and cause panic, which creates/causes the strongest move on the MACD.
Point being, no matter how I look at the NASDAQ just as when I look at Tesla, they're both running out of steam. Tesla has OMH and then that's most likely all she wrote for this current move up. Look at how high the MACD went and still is after that big move we just had, and people think there is still room to jump 30+ points next trading session alone...smdh. Anything is possible I guess...
I think over the next day or two is when Tesla finishes this (A) wave, and according to the arrows I have marked, should head to the 180ish range next. This will be around a $20 or 10% drop from the next high we make. I understand, lol, again, I know many people are very bullish on Tesla, and that's ok. I don't control price; I just state my predictions and what I read in the charts. Right now, these charts are telling me we are about to top and head lower. What you see forming is a trap and I guarantee it is going to catch many poeple.
Bonam Fortunam, --Tyler
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We have our OMH on negm div. Let's see what happens next. It will either extend higher or start our retrace towards our next target box
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I am not receiving all of my PM alerts. If you try to message me and I don't reply within 24hrs leave a comment on a post telling me. Sorry if I have missed a message
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Did y'all get the hidden message?
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Always great when you have someone who doesn't know what they're talking about try to critique your analysis. Especially when they turn out to be wrong. Just helps amplify my posts with all the comments. Thanks bud!
@TSuth Let this message reach the deserving person who often comes unsolicited with comments. All he knows is BS.
Let all your followers read this inspiring quote which my late Mentor used to say
“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows, in the end, the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither knows victory nor defeat.” ― Theodore Roosevelt
elisanascar
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@sriaishu I love this! I used to read it at work when management was being unrealistic.
sriaishu
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@TSuth A much-awaited post which gave better clarity. As expressed, My plan is equally clear after seeing the post. All extensions need retracements/or even reversals. might be another $15 and probably might touch a tad near $200 levels. The power of the next down move will give a better signal.
Irrespective of anything, my exit on Tuesday from some position apart from TSLA and AVGO and want to sit on cash for some time. Cash is KING.
Too many extensions everywhere. No need to catch the top and cannot also.
Thanks for the update
sriaishu
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@TSuth Forgot to add. Many are bullish. I take it seriously because consensus has never been correct in most cases and times.
Let this message reach the deserving person who often comes unsolicited with comments. All he knows is BS.
Let all your followers read this inspiring quote which my late Mentor used to say
“It is not the critic who counts; not the man who points out how the strong man stumbles, or where the doer of deeds could have done them better. The credit belongs to the man who is actually in the arena, whose face is marred by dust and sweat and blood; who strives valiantly; who errs, who comes short again and again, because there is no effort without error and shortcoming; but who does actually strive to do the deeds; who knows great enthusiasms, the great devotions; who spends himself in a worthy cause; who at the best knows, in the end, the triumph of high achievement, and who at the worst, if he fails, at least fails while daring greatly, so that his place shall never be with those cold and timid souls who neither knows victory nor defeat.”
― Theodore Roosevelt