As the title suggests, price should move higher next. MACD and structure both point to price moving higher for wave v of 3 next. Notice how MACD made a new high @ close on Thursday of last week? This was during the mini-wave 3 of iii which is exactly where I would expect to see it.
The next move I would like to see price take us, is to the box marked on the chart @ $211.70-$217.24. After that I expect a 3-wave retrace to about the 1.0 extension around $200 before raising again for wave 5. As of now I own 30 shares of Tesla with plans to buy more soon. My current stop is still set @ $194.
Don't forget, beginning February 23rd (this Friday), I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
The next move I would like to see price take us, is to the box marked on the chart @ $211.70-$217.24. After that I expect a 3-wave retrace to about the 1.0 extension around $200 before raising again for wave 5. As of now I own 30 shares of Tesla with plans to buy more soon. My current stop is still set @ $194.
Don't forget, beginning February 23rd (this Friday), I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
Trade closed: stop reached:
SL hit. This makes me wonder if this is an abc since it turned around right by the 1.0 and we now have overlap
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
