That is the question. If this count isn't right then that means we have bottomed already in our wave 2 and are on our way up for wave 3 😬😬. I drew a retracment tool (blue) for A and a fib extension from A-B. If I'm right about the S&P then we should expect Tesla to drop pretty hard...possibly even precipitously.
There is room for OMH, which looks possible, but it better be QUICK and preferably stop at $208-$210. It is always possible that a B wave could go above the prior wave 5 top but i think in this case it is unlikely. Past there and I start to lean towards we're going up. Either way, I predict we're about to shoot up or down and be obvious where we're headed.
I'm still awaiting and trusting my analysis. I have moved my box slightly due to our recent jump last week. Don't get FOMO on me!! If I'm correct Tesla is about to lose 25-30% of its stock value and in short order. On the flip side if I'm wrong Tesla should have a retracment for another possible entry.
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Bonam Fortunam,
--Tyler
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