TeslaUpdated Tesla Update: MACD suggests higher price movement
As the title suggests, price should move higher next. MACD and structure both point to price moving higher for wave v of 3 next. Notice how MACD made a new high @ close on Thursday of last week? This was during the mini-wave 3 of iii which is exactly where I would expect to see it.
The next move I would like to see price take us, is to the box marked on the chart @ $211.70-$217.24. After that I expect a 3-wave retrace to about the 1.0 extension around $200 before raising again for wave 5. As of now I own 30 shares of Tesla with plans to buy more soon. My current stop is still set @ $194.
Don't forget, beginning February 23rd (this Friday), I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
The next move I would like to see price take us, is to the box marked on the chart @ $211.70-$217.24. After that I expect a 3-wave retrace to about the 1.0 extension around $200 before raising again for wave 5. As of now I own 30 shares of Tesla with plans to buy more soon. My current stop is still set @ $194.
Don't forget, beginning February 23rd (this Friday), I will be dramatically changing my posting schedule here on trading view. My last regular post / update will be on that day.
Trade closed: stop reached
SL hit. This makes me wonder if this is an abc since it turned around right by the 1.0 and we now have overlap
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers and a daily zoom call with members to discuss latest analysis and get a 7-day FREE trial
Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.