Tesla Update: OML is primary

7 de fev. de 2024

As y'all know by now I don't change my primary very easily. I do at times, but more times than not I have found my initial gut feeling is right more than not. On the chart you can see my ALT count which suggests I am one degree off with my primary count and the bottom is in. We don't yet have a 5-wave move higher with a 3-wave retrace so I can't say for certain one way or another. What I can say is we never hit the 1.0 @ 171.67 like I called for. In my experience A=C 99% of the time. I have seen it come up short before, but that is usually the exception and not the normal action seen. That being said, my primary still remain we need OML to the 1.0. If we raise past the 0.786 @ $188.41, I will start to lean more towards my ALT but will need to see the aforementioned structure before changing to my ALT count. If we raise above $193.97, that will mean either the ED is invalidated, or the bottom is in suggesting the ALT count is optimal. The forthcoming price action is very important to the longer-term price targets for Tesla.

I will be watching tomorrow and will update as needed. I didn't buy any shares today but will most likely soon. I also want to remind everyone that beginning February 23rd, I will be dramatically changing my posting schedule here on trading view. My final regular/normal posting will be on that day.

7 de fev. de 2024

Nota

5 wave move higher. Should get a 3 wave retrace next if the bottom is in

7 de fev. de 2024

Nota

After the most recent price action I feel we need OMH to finish out the 5-wave move before the 3-wave retrace starts. Labeled in turquoise is my ALT and suggests the 5-wave move is complete.