Tesla Update
As mentioned in my midday update, we started the move down today that
I have been anticipating. That's what it appears to be at this time anyway. This thing can go a couple ways from here. The first is a 3-wave move down to the box with the mini (A) of c completed today. This would imply that we get a mini (B) wave soon if not next before falling down into the target box. This is my primary due to all the chop/3-wave moves. It is just very hard to try and find any 5-wave moves in all this mess. Even trying to force a 5-wave count it is iffy. The ALT is we have started a 5-wave move (wave i) of c of C of 2. As stated above I am not a fan of this because to me these have all been 3-wave moves.
The important thing to take away from today is we have breached the prior low of $167.50. It may only have been by a few cents...but nonetheless it was breached. This to me is telling us with confirmation, that we're headed to my target box. Rather this ends in the standard box @ the 1.0 or the 1.236 ($157.85-$151.58) or extends to the 1.382-1.618 ($147.83-$141.96) remains to be seen. We need some more data to make that determination. Until then, I will plan for an ending in the target box.
I have been anticipating. That's what it appears to be at this time anyway. This thing can go a couple ways from here. The first is a 3-wave move down to the box with the mini (A) of c completed today. This would imply that we get a mini (B) wave soon if not next before falling down into the target box. This is my primary due to all the chop/3-wave moves. It is just very hard to try and find any 5-wave moves in all this mess. Even trying to force a 5-wave count it is iffy. The ALT is we have started a 5-wave move (wave i) of c of C of 2. As stated above I am not a fan of this because to me these have all been 3-wave moves.
The important thing to take away from today is we have breached the prior low of $167.50. It may only have been by a few cents...but nonetheless it was breached. This to me is telling us with confirmation, that we're headed to my target box. Rather this ends in the standard box @ the 1.0 or the 1.236 ($157.85-$151.58) or extends to the 1.382-1.618 ($147.83-$141.96) remains to be seen. We need some more data to make that determination. Until then, I will plan for an ending in the target box.
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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