Today gave some settle clues that most people probably aren't picking up on. For starters, this move appears to be running out of steam. Look how weak it was today. Wave 3's typically have the highest MACD reading (wave 3 of A being strongest). On the 15min MACD, it has the highest reading right on my wave 3. Then proceeds to drop lower. As I have mentioned in the past, normally a move ends on neg div. We already have that OMH on Neg. Div. in the 15min chart, but can still make another high on neg. div. on the 1HR chat, and are very close to it. We knew this was a possibility yesterday and is stated in my post as my 1st ALT count.
You will notice the labeling on my chart is slightly different, but my end points stay the same. The changes are purely for academic reasons and my need to be as close to right as possible with labeling. We still have yet to make that OMH, so my primary count still stand as of this writing. Post/premarket is still not over yet though so we will see what happens. I would not be surprised in the slightest if we went slightly higher. If so the 1.0 @ $206.83 should stop us and is labeled in turquoise.
I would be surprised if we took off higher for our wave (3). However, it is not impossible and the longer it takes us to drop the more those chances rise. If we start to rise from here impulsively then I would have no choice but to adopt a more bullish perspective.
I have not bought any Tesla, nor have I shorted this stock. I have been on the sidelines, observing, and waiting for the right moment to pounce. Could this stock move up and leave me behind? Absolutely! But you know what it won't do? Cause me to lose money. When I am at all unsure of a stocks next move, or if there is too high a risk, I stay flat. There are always opportunities to make money in this stock market. Why lose hard earned capital due to greed?? I have plenty of patience to wait. Do you? If not, then do your own TA and place an order. If you want to follow me then wait. A much better/safer opportunity will come along that gives more confidence and less stress.
I post any and all trades I make. Not only that, but I even state when I "plan" on making a trade to give you a heads-up notice. This way you have time to read my analysis, come to your own conclusion, and decide if it fits your risk management plan. Less stress equals more confident/successful trades.
If you are feeling antsy about missing a possible leg up in this trade, remember there will be a retrace afterwards. This is how you confirm a move and is the safest way to enter a trade on its low. Good luck and be careful everyone. There is a lot of noise out there, and you don't have to listen to me by any means. Just make sure you are protecting your capital/profit and are ready for a move in either direction.
Bonam Fortunam,
--Tyler
You will notice the labeling on my chart is slightly different, but my end points stay the same. The changes are purely for academic reasons and my need to be as close to right as possible with labeling. We still have yet to make that OMH, so my primary count still stand as of this writing. Post/premarket is still not over yet though so we will see what happens. I would not be surprised in the slightest if we went slightly higher. If so the 1.0 @ $206.83 should stop us and is labeled in turquoise.
I would be surprised if we took off higher for our wave (3). However, it is not impossible and the longer it takes us to drop the more those chances rise. If we start to rise from here impulsively then I would have no choice but to adopt a more bullish perspective.
I have not bought any Tesla, nor have I shorted this stock. I have been on the sidelines, observing, and waiting for the right moment to pounce. Could this stock move up and leave me behind? Absolutely! But you know what it won't do? Cause me to lose money. When I am at all unsure of a stocks next move, or if there is too high a risk, I stay flat. There are always opportunities to make money in this stock market. Why lose hard earned capital due to greed?? I have plenty of patience to wait. Do you? If not, then do your own TA and place an order. If you want to follow me then wait. A much better/safer opportunity will come along that gives more confidence and less stress.
I post any and all trades I make. Not only that, but I even state when I "plan" on making a trade to give you a heads-up notice. This way you have time to read my analysis, come to your own conclusion, and decide if it fits your risk management plan. Less stress equals more confident/successful trades.
If you are feeling antsy about missing a possible leg up in this trade, remember there will be a retrace afterwards. This is how you confirm a move and is the safest way to enter a trade on its low. Good luck and be careful everyone. There is a lot of noise out there, and you don't have to listen to me by any means. Just make sure you are protecting your capital/profit and are ready for a move in either direction.
Bonam Fortunam,
--Tyler
Comentarios:
$209.77 is the next resistance at the 2.0 of this whole move up since $151 bottom
Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers and a daily zoom call with members to discuss latest analysis and get a 7-day FREE trial
Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
