RauchenwaldC

RauchenwaldC

Based on my analysis using Elliott Wave Theory on multiple timeframes in $TSLA I'm fairly certain that the recent drop from $900.40 to $539.49 is not the end of the correction but just wave A of an A-B-C corrective pattern. I expect the price to recover a bit and reach the area around $760 - which would then indicate the end of wave B - followed by a drop into the...

RauchenwaldC

Looks to me like the current wave five is pretty much complete and we are about to see a corrective pattern next.

RauchenwaldC

I want to start by pointing out, that I'm quite new to using the Elliot Wave pattern to identify potential trade setups, so if you disagree with my chart, please take the time to explain where I got it wrong in your opinion. That said, based on the current rally, I can imagine the fourth wave falling as low as $1,195 with a fifth wave that reaches $1,900 to...

RauchenwaldC Updated 

In my humble opinion we'll see around 220€ before either the up-trend continues or the resistance breaks or it goes further down to 190€ for now I'd place buy orders around the 220 resistance with Stop-Loss at 180 and take Profit around 315. In case you disagree please elaborate why?

RauchenwaldC

In my humble opinion the current correction should be almost over, I assume that once we hit 12.000€ it's going to turn around and the up-trend should resume. If you disagree please elaborate why!