Tesla wyckoff update #3
Updated
I was a bit wrong on my phases on my last update so here is an improved version. We are still in phase C currently but should exit this phase in a week or two before phase D begins and takes us to ATH. I used fib trendlines to get the base case of 1580. Bear and bull case are ∓100 dollars from that price target. The overall Nasdaq has probably reached a bottom and should recover after shaping a W so this is a good second chance to buy in at cheap before the trend actually reverses.
Feel free to leave any comments.
This is not financial advice.
Feel free to leave any comments.
This is not financial advice.
Comment
Don't know why the black circles I made flew up a little more than I wanted them to. I blame Trading view for that.Related publications
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