Tesla Update: Target Updated

As you see I have updated my current target box for this C wave to end. THIS IS ASSUMING WAVE B IS OVER. If B wave is not done yet, I think it will hit my original target in the $280's and is represented by my turquoise B.

Don't forget, if this count is correct and we start to drop from here, we could technically drop all the way to $151.73 without this count being invalidated. I don't foresee that happening, but it is possible. The area I have marked is just the standard spot I would expect a move like this to end.

You may also notice there is an orange (2) on the chart. My 1st Alt is the turquoise color, and the orange color is my 2nd ALT. Orange suggests that Tesla has already finished the wave (2) retrace and we are about to head up from here. I don't think that is likely but nonetheless it is 100% possible, and so it must be tracked in the event it happens we are ready for it. A drop below $253.97 and I take the orange count off the chart.

I am still flat and do not plan on entering Tesla until we have more clarity. As my mentor always says, "If you're unsure, get flat!"

Bonam Fortunam,
--Tyler

Comentário:

I'll make a new post on Tesla tomorrow when we have some more data.