Golden buy zone indicated in green, may be slightly higher if we get another small leg up before correcting.
Correction is imminent in my opinion, it is only delayed because of FED's futile money injections which will make all of us who stay in cash over coming decades A LOT poorer!
If Tesla hits 550 again I am remortgaging my house and dumping it all into this stock I have been following this pretty close and big oil can't kill this one this time
Yeah, it looks OK, but since the C low point at March 18th, we did an other 5 waves up and we are now around the end of wave B of an ABC correction, right?
ItsShowtime
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@janfoux, I would rather say we finished a very big cycle at the 900 area and the ABC following that completed the correction on that cycle, which means we might have started a new cycle at the low of the C. To me it looks like we just finished a smaller 13245 which is part of a new big 1 wave (if you look closely at 350 to 870 you might notice 5 waves like I do), which means I expect this impulse to continue in the a 2 correction and then move upwards again breaking the current highs.
janfoux
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@ItsShowtime, ok, but what do U mean by "a 2 correction"? Isn't it an ABC again, with the A point at 1-4th of May and we'd be about at point B now, then C could be around $650 to fill the gap?