Tesla Update: Structure Determines All

٥ يناير ٢٠٢٤

Some of my posts contained some contraband and were removed. The text has been removed and I am just re-posting so y'all can still see the other information.

In my last post, I alluded to the fact that wave (i) could already be completed. This appears to be the case. I wanted us to hit some higher fibs, and we don't yet have confirmation, but structure looks to be indicating this. I would like to see price make another low to complete the micro a wave before it has a retracement for wave b. The blue 0.382 retracement fib is a good area for this a wave to finish. We would then bounce slightly for wave b before moving down again for c and to complete wave (ii). On the chart I have drawn a dotted line showing my expectations for this move.

As I have stated in the past, I do not try to predict time frames. I have yet to find any mechanism that can reliably forecast them. The only thing I can use to help guide me on time is how long the previous waves have taken. If price does in fact follow this structure, then the target box drawn is where it is my intention to enter a trade with stops.

٥ يناير ٢٠٢٤

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Tradingview is making me wait until tonight to be able to make a new post so I guess I will post it here.

Nice thing is, I dont really have much to add. Yesterday was kind of a lame day in terms of price action. In the after/pre market Tesla moved down to the 0.382 fib as I called for and bounced 0.07 cents from the fib. We could still easily make another low before moving up for our b wave. It is just this area where I expect us to start the retrace. If fireworks happen today, I will post updates but as of now, at the risk of being repetitive, I'll stop here.

٥ يناير ٢٠٢٤

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