We're in a wave 4 that seems to be taking the form of a Triangle.
Measures have been respected for now, each leg being 61.8% to 78.6% of the prior move.
This makes us believe that wave D and E of the Triangle can be of the same proportions.
But if price keeps on going higher now, we could then be in Flat correction , which could take wave B up to the noted 1.272 - 1.382 zone before going back down to 350-ish (needs to be recalculated depending on B of course).
Bigger picture
Measures have been respected for now, each leg being 61.8% to 78.6% of the prior move.
This makes us believe that wave D and E of the Triangle can be of the same proportions.
But if price keeps on going higher now, we could then be in Flat correction , which could take wave B up to the noted 1.272 - 1.382 zone before going back down to 350-ish (needs to be recalculated depending on B of course).
Bigger picture
Nota
Triangle count is still valid. Give it some more time.
Nota
TESLA - Let's see if it can go below 400. That would give a great entry possibility Nota
* to trade this rise, I went bought the Nov20 450 Call and sold the 500 Call.(Don't use options if you don't know what you are doing ! You'll get crushed !)
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Questions? Chat or Comment on Ideas
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Questions? Chat or Comment on Ideas
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Don't forget to like, share and follow !
Questions? Chat or Comment on Ideas
Thanks !
Questions? Chat or Comment on Ideas
Thanks !
Aviso legal
As informações e publicações não devem ser e não constituem conselhos ou recomendações financeiras, de investimento, de negociação ou de qualquer outro tipo, fornecidas ou endossadas pela TradingView. Leia mais em Termos de uso.