Tesla Update

There isn't really much new to report on for Tesla. We are either about to start a micro-wave 3 for (5) of C of 2, or we are working on wave ii with it's c wave still to come. As of now price is respecting my trend lines that I have drawn, so if price breaches my upper band, we're most likely headed up in 3. The fact that we have been working off of pos div since Oct. makes me feel as if we're headed up. I don't like the way this thing is starting though. It just doesn't seem like a healthy structure to rally off of. Tesla itself has proved me wrong before though, so I will wait for conformation before I declare one way or the other which is right.

Until Tesla shows us what she has planned (wave (5) vs start of 3), I won't enter the market for it. If it is in fact in (5) we could head as low as $170's-$180's easily. When 3 starts it will send us over $300 easily. Needless to say it is just to risky / muddy for me to jump in yet, not with the way Tesla options are priced. Once it decides what it wants to do I will hop in and of course let y'all know when I do.

P.S: I want to reiterate I DO NOT GIVE FINANCIAL ADVICE. Everyone makes their own decisions and I post in a purely academic/teaching compacity. IDK why I got the message from trading view, but I had to designate myself as a personal account vs. professional account. This is a purely personal account and is not and never will be used to give financial advice.

Bonam Fortunam,
--Tyler

Comment:

3min MACD made a new low. Gives us a clue we're most likely headed lower and gives credence to my primary count

Comment:

We have entered the ALT target box. This is looking like my primary might prevail though. If that's the case I expect us to head towards my larger target box sub $200. As I have said multiple times before, price becomes very indecisive before trend changes.