Today I was stopped out @ $194 for about a $200 loss. That is the exact reason I don't shoot for the moon with every trade regardless of how much confidence I have. Price doesn't always do what I think it will. The fact that I was stopped out shows it is doing something other than what I had been predicting and when I'm unsure I get flat or close to it.
All that being said, I believe today gave some very important clues. I want you to direct your attention towards the MACD. Notice how it made a low on 25 Jan? This is clue #1. This whole time I have been alluding to the fact that we never hit the 1.0 fib extension for A=C. There is a reason for that and clue#2. The first move up off the 05 Feb low was a VERY sloppy 5-wave move that I complained about several times lol, that's clue #3. Then today we got the big clue and overlapped not only the micro-wave i, but also the wave 1 high. That was clue #4.
What do all these clues allude to? We're still in a corrective structure! If I am correct, we should make at least OML into the box labeled b before raising to the box labeled c of B to the $230-$245 area. After that, I believe we head lower again and finally hit that elusive 1.0 extension @ $171.03 minimum.
Once we do hit the 1.0 if price stays above $151.72 then I will label it wave (2). However, if price breaches that low than I will label it wave ((2)). This is indicated by the turquoise ((2)) within the larger target box, and the turquoise fib retracement lines are associated with this alternative count. It will be a while before we get clarity between these two counts, but nonetheless it is important to track both of them.
If we drop back into the low $180's, I may try to go long another 20 shares with a stop of $175 or so. IF I go long, I will make an update on here.
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.
Comment
⋅
Not much to add today. Price is moving according to this posts predictions. I'll make a new post tomorrow evening.
Read the comments section and find answers which is inside me. Many of your followers are experts too. From stand point, all can say is you have set a high standards in your analysis, I need to unlearn many things in me. Unlearning is the hardest part.
Tsla continues to be in no man’s land. All I can understand we are pretty much close to a bottom may be a 10 to 15% down side from here is my thought process. I still vividly remember our stops at sub 294 on its result day. We are down over $100 from there. Thanks to your timely updates and ended not holding the baby. Kudos to you.
Today I bought 10 shares at 195.1 but forgot to apply a stop. Being a small quantity i ignored to feed.
Any way some pull back will happen.
Thanks again
TSuth
⋅
@sriaishu, If this count is correct then we should be headed back up soon. thanks for all your compliments. Unlearning bad habits can be among the hardest things to do. that being said, I have full confidence in your abilities brother!
I have no choice but to unlearn. Also starting from scratch without previous baggage is my plan. To admit I am slow and poor learner.
Hoping for HIS kindness to prevail in the journey.
Thanks for your kind words
TSuth
⋅
@sriaishu, Just pray to Jesus brother! Isaiah 41:10 "So do not fear, for I am with you; do not be dismayed, for I am your God. I will strengthen you and help you; I will uphold you with my righteous right hand."
Br549999
⋅
agreed
TraderDaddyOG
⋅
Appreciate your in depth analysis! Cheers to your next journey and hope to still see your posts and analysis from time to time!
TSuth
⋅
@FourXTrades thanks
RT_Money
⋅
"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." What will the new schedule of posts change to? Thanks for the great analysis, btw.
TSuth
⋅
@RT_Money check out my signature. I'll be sending an email to those who register. emails go out around the end of this upcoming week
Thanks for the update once again.
Read the comments section and find answers which is inside me. Many of your followers are experts too. From stand point, all can say is you have set a high standards in your analysis, I need to unlearn many things in me. Unlearning is the hardest part.
Tsla continues to be in no man’s land. All I can understand we are pretty much close to a bottom may be a 10 to 15% down side from here is my thought process. I still vividly remember our stops at sub 294 on its result day. We are down over $100 from there. Thanks to your timely updates and ended not holding the baby. Kudos to you.
Today I bought 10 shares at 195.1 but forgot to apply a stop. Being a small quantity i ignored to feed.
Any way some pull back will happen.
Thanks again