TSuth

TSuth

In my last few updates, I have mentioned we could have a longer drawn-out wave (2) due to the way a wave shaped up. We have been hitting standard targets for us to end in the 0.618-0.786 area as well creating another indicator. I also stated in my last post: "My ALT, which is labeled in turquoise, suggests this has all been part of just the micro a wave of our...

TSuth Updated 

So far, we have breached the 0.382 and almost tagged the 0.5 fib retracement. Given the fact we are about to start or have already started wave 3 of c, I would not be surprised one bit if we drop from here. There is also a very real chance this has just been the micro a wave of (2). On the 3min micro chart we are on neg div. Multiple other time frames, including...

TSuth Updated 

I'm going to make this post short in light of my previous post being very detailed in what I expect from here. As you notice on the hourly chart, we made a new low on pos div which is a big indicator we are about to move higher. Now, weather this is a wave 2 or (4) is yet to be determined. I am of the mindset as you can tell by my chart that we are in the larger...

TSuth Updated 

Warning: This is going to be a long post as I haven't made a meaningful post since last Thursday. That being said let's jump right into the nitty gritty. The main chart above is my 4HR chart for Tesla and is zoomed into these movements since the $299.29 top made on 19 July. Since then, we have spent 70 days as of tomorrow. To give you reference, our primary wave...

TSuth Updated 

Tesla should have a wave (4) retrace coming up soon and since the wave two was deep but short, I would expect this to be shallow but long in duration. Notice the MACD is starting to curl up on the hourly. It should start to rise towards the 0 line tomorrow. On the chart I have marked our next two target areas that I feel price should go based upon the prior price...

TSuth Updated 

Tesla has rallied over 31% in less than a month to regain some of the losses since the $299.29 high. Some have been calling that a sign that a new bull run is coming. As an Elliottician, I say that is the B wave of the larger correction. I ENCOURAGE EACH AND EVERY PERSON READING THIS TO GO AND CHECK MY WORK/POST ON AUGUST 20, 2023 @ 2332hrs CST. In that post,...

TSuth

I don't have much time tonight, but I wanted to hop on here and at least give y'all some targets. Todays drop appears impulsive to me, but we need to await confirmation. As of now we have finally started to develop neg div on the micro's, so I expect us to make another low and then pop up for a smaller wave 2. These are unpredictable though and can be of any...

TSuth Updated 

Tomorrow, I expect we open slightly down to make a more complete b wave. Afterwards we rally quickly to the target box I have for 2. This would complete wave 2 of 1 of (C) of (2). Below is a smaller 15min timeframe showing what would be ideal for tomorrow. I don't have much time to go into details tonight, but you saw through my updates today, I stopped out of...

TSuth Updated 

The question I have is how "MUCH" higher? Is this going to be a wave 2 retrace before we fall hard for wave 3? Or is it going to be a move higher in a new bull run? For now, I still feel price action is pointing lower. However, I could easily argue this decent has been corrective with all the overlap at the beginning of this move down from $278.98. This is shown...

TSuth Updated 

As I have been preaching for a while now, I am waiting for clarity before I do anything. We're starting to get that, I think, by the type of price action we are getting and the subtle hints MACD is throwing...but you never know. I really don't have much to add from my last post other than Friday we made that higher high on neg div. We started to the downside but...

TSuth Updated 

The chart above shows my primary count while the lower one shows my alternate count. With the two different counts, there are just too many fib lines for me to keep things straight let alone all of my readers lol. MACD seems to overwhelmingly support the bear count theory, however, in true Tesla/market fashion it has to try and confuse us. All time frames except...

TSuth Updated 

In my prior posts I have been calling for a hard drop coming up for Tesla. So far that has only half materialized ((A) wave). This move up definitely complicates things because it is without a doubt very strong. IMO Tesla is helping to keep the NASDAQ green right now...for now. Rather it be an end to a new wave i of 3 or the end of (B) wave, we are going to...

TSuth Updated 

Normally the wave (3) of 3 wouldn't have such a wide box for a normal end point. The reason I have made a larger box then normal is due to the end target for wave (C). In order for us to make it down to those levels we will need to extend as I said in my last post. So far to the upside we have hit the 1.618 of the A-B move up, the 0.618 fib retracement of wave...

TSuth Updated 

It appears we started our wave (2) off a tad early. The move up looks like it could be interpreted as an impulsive start to a new bullish count. That is very possible, however given where we are at in the count according to my analysis, I feel it was just the c wave of wave (2). I don't have much time so I'm going to cut straight to the point. We could still make...

TSuth Updated 

Today we got what I believe is the (c) wave of 2. I didn't expect Tesla to move so quick and strong honestly (should have seen it coming since I worked today). Sure, I figured we would rise above the pre-market open @ $249.98, but to finish pushing past the 0.618 is something that shouldn't be ignored. Ultimately, we came just .08 cents shy of the 0.236 fib line...

TSuth Updated 

As I stated in my last post our C wave was imminent. I also stated we were in an ending diagonal and that when they end, they typically reverse hard to their point of origination. You will notice price stuttered when it came to that origination point around the $250 area, then continued its path lower. To go a step further, we easily breached all of the prior wave...

TSuth Updated 

It appears from the price actin we got today Tesla is finishing this C wave with an ending diagonal much like the NASDAQ. As you can see on the chart I have 2 channels drawn for this ED and they seem to point to us ending at the green 1.5 fib @ $261.53. This would be just shy of the magical 0.618 y'all always hear me talk about. If this is to be an ED then once...

TSuth Updated 

The market has had a lot going on lately. The S&P had lost almost 25% of its gains since the Oct '22 lows just to turn around and regain 61.8% of those losses. This is all within the scope of just over a month. To most this seems like chaos and is enough to get/keep many people out of the markets. To an Elliottician, this is simply price action, the result of an...