Tesla Update: iii of (3) of C Underway

Today the end of ii didn't go as I planned it. The structure ended with-in my target box but was very complex and looked incomplete. Nonetheless, we hit the target area and dropped pretty hard to say the least. Due to the volatility and the uncertainty of the count I stayed on the sidelines. Yes, I missed out on a very lucrative day. One thing I did miss out on though, were losses. This isn't a get rich quick scheme/game. Years of compounded interest can change someone's life and trying to trade every mechanism of the market just isn't the way to do it if you ask me. So, if I missed out, big deal, there will ALWAYS be more opportunities on the horizon.

That being said, when you zoom out to the bigger picture (which is king), it clearly shows we have begun our wave iii of (3) of C of 2. I expect us to drop to the 1.0 area @ $226.14 and then bounce to about the 0.786 fib @ $234.68 before dropping in wave v of 3 to the 1.382 fib @ $211.65. This won't all happen tomorrow obviously, just looking ahead to the next few moves that we should expect to see.

I work the next two days and will enter on the retrace if I am able to. The contracts I'm looking at are the E: 11/24 S: $200. If I place any trades, I will update here as always.

Bonam Fortunam,
--Tyler

تعليق:

That may be all we get for a iv of 3. Be patient, time will tell

تعليق:

Doesn't look like wave iv has started yet