The lateral correction appears to form a , presumably in the subwave (B) of β of the large ending V. _______________________________________ β Tesla, Inc.π TF: 1D Fig.2
In a , wave C is forbidden to go beyond the end of wave A. On the graph, this level is labeled as "invalid.". A breakdown of this level will remove the counting of the triangle from consideration and open the prospect of forming a correction in the form of an . _______________________________________ β Tesla, Inc.π TF: 4h Fig.3
Within the intermediate wave degree, an upward D is expected. This will be followed by a decline in price within the final subdivision by wave E, which will complete the triangle (B), opening up the opportunity to open a long position. _______________________________________ _______________________________________ ββ Alternative count β Tesla, Inc.π TF: 1W Fig.4
In an alternative wave count, it is assumed that the triangle is unfolding by the primary wave β£. The counting has a number of disadvantages, for example: wave B of (4) is more than 200% A; the wave (1) of β’ on structure more likely a triple, rather than an . All this forces a seemingly obvious wave count to be kept as an alternative scenario.
Yeah. give them a πππππ for all Elliott Freaks ππ€π
Steve666
β
@TradeWaves-EWA IMHO short term harmonics do point to 858 then 1005 on a weekly chart, but longer term prospects appear bad...in my opinion, EWA although useful is too subjective and always looking in a rear view mirror but thanks for the analysis....