sure looks like TSLA is in the c wave now. And honestly
that's what we expected after the symmetry break on the sell off in
early Sept that gave high odds at price forming a lower high.
also the KISS chart, after losing its DVT in early Sept it never
went back on a buy signal, price stalled at the ATR indicator and
you even got a bearish DVT price
you know TSLA fans gotta be open to the possibility of it going
below 300 maybe to the 50% fib area before this wave c is over.
otherwise what would allow for a shallower correction where wave
c doesn't take out the low of wave is either a double bottom or a
triangle consolidation where you have abcde pattern that takes a
lot more time to unfold, wave c forms a higher low then rallies in
d which forms a lower low, then down in e with another higher low
above the low of d - basically will take time.
TSLA needed consolidation after that blow off top. You
either work all that off with a large enough price pullback, or
through enough time consolidation
TSLA comments
Posted by matt on 23rd of Sep 2020 at 02:49 pm
sure looks like TSLA is in the c wave now. And honestly that's what we expected after the symmetry break on the sell off in early Sept that gave high odds at price forming a lower high.
also the KISS chart, after losing its DVT in early Sept it never went back on a buy signal, price stalled at the ATR indicator and you even got a bearish DVT price
you know TSLA fans gotta
Posted by matt on 23rd of Sep 2020 at 03:59 pm
you know TSLA fans gotta be open to the possibility of it going below 300 maybe to the 50% fib area before this wave c is over.
otherwise what would allow for a shallower correction where wave c doesn't take out the low of wave is either a double bottom or a triangle consolidation where you have abcde pattern that takes a lot more time to unfold, wave c forms a higher low then rallies in d which forms a lower low, then down in e with another higher low above the low of d - basically will take time.
TSLA needed consolidation after that blow off top. You either work all that off with a large enough price pullback, or through enough time consolidation
i took short today but
Posted by arun on 23rd of Sep 2020 at 04:30 pm
i took short today but closed too early