I have been stating since we bottomed around $151 that this has all been part of ((B)) wave. Before price action had shown us anything after that bottom, I stated we we're still in a corrective phase. I made a bold prediction that we haven't yet finished wave (2) and would drop even further down to the $120-$135 area. Some have stated that we are in a new bull phase for Tesla and to buy/hold, don't set stop limits, leave yourself COMPLETELY unprotected. I am here to personally tell you that would be an extremely terrible decision, one that could severely hurt someone's portfolio.
Since that bottom around $151, we have done nothing but chop until this (C) wave, which i called how long before it ever happened? The point isn't to sound cocky. It is to show that I put time and effort into my analysis. When I post on here, I know there are people putting real money into trades and taking real risks. Granted, these risks are your own if you push the button to place a trade, but I wouldn't feel right if I posted something half ass that could lose people money.
That being said, price is doing exactly what I said it would. If you follow me, you know i exited my position today. You would also know that i said due to wave ii being so shallow and short, that our wave iv was going to be long and deep. So far, during this trade, I have been able to POCKET $3K in straight PROFITS in 7 total trading sessions. If I am correct and this next wave is deep, it should present a good opportunity to re-enter the trade and possibly ride out wave v for an extra $10-$20/share. One thing you will notice with me, is I always make price come to me. If I have to chase it...that means I'm most likely wrong. Idk about you, but I don't want to lose hard earned capital from poor analysis and reacting to fear/greed.
MACD has lowered a decent amount and doesn't look like it isn't ready to let up yet. What will happen tomorrow according to my analysis, is price will make OMH and MACD will show a little bump (Neg. Div.) on its descent down for wave iv. Then price will begin to lower in a 3-wave structure down to the low $180's. Tomorrow will most likely end red. This may or may not all happen tomorrow. If i had to guess it will run into Wednesday before EOD.
Notice the arrow down at the bottom of the screen over the MACD? When zoomed out it looks as if MACD hit the previous high of our (A) wave. When zoomed in it clearly shows that it DID NOT make a new high. These little clues tell us more than any indicator. Remember how i said wave 3's always register as the strongest part of a move aside from a-waves? Food for thought.
As stated above I work tomorrow, and I don't know how much time I will have to update throughout the day. I will answer questions as able and will make another post tomorrow night after i get home. Trade wisely friends. If you haven't already hit that follow button!!
Bonam Fortunam,
--Tyler
Since that bottom around $151, we have done nothing but chop until this (C) wave, which i called how long before it ever happened? The point isn't to sound cocky. It is to show that I put time and effort into my analysis. When I post on here, I know there are people putting real money into trades and taking real risks. Granted, these risks are your own if you push the button to place a trade, but I wouldn't feel right if I posted something half ass that could lose people money.
That being said, price is doing exactly what I said it would. If you follow me, you know i exited my position today. You would also know that i said due to wave ii being so shallow and short, that our wave iv was going to be long and deep. So far, during this trade, I have been able to POCKET $3K in straight PROFITS in 7 total trading sessions. If I am correct and this next wave is deep, it should present a good opportunity to re-enter the trade and possibly ride out wave v for an extra $10-$20/share. One thing you will notice with me, is I always make price come to me. If I have to chase it...that means I'm most likely wrong. Idk about you, but I don't want to lose hard earned capital from poor analysis and reacting to fear/greed.
MACD has lowered a decent amount and doesn't look like it isn't ready to let up yet. What will happen tomorrow according to my analysis, is price will make OMH and MACD will show a little bump (Neg. Div.) on its descent down for wave iv. Then price will begin to lower in a 3-wave structure down to the low $180's. Tomorrow will most likely end red. This may or may not all happen tomorrow. If i had to guess it will run into Wednesday before EOD.
Notice the arrow down at the bottom of the screen over the MACD? When zoomed out it looks as if MACD hit the previous high of our (A) wave. When zoomed in it clearly shows that it DID NOT make a new high. These little clues tell us more than any indicator. Remember how i said wave 3's always register as the strongest part of a move aside from a-waves? Food for thought.
As stated above I work tomorrow, and I don't know how much time I will have to update throughout the day. I will answer questions as able and will make another post tomorrow night after i get home. Trade wisely friends. If you haven't already hit that follow button!!
Bonam Fortunam,
--Tyler
Comentarios:
We got our OMH and hit my target box. Should head down for wave iv now.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
