Looking for a bounce off the 0.5 retracement level for $TSLA. The Fib tool on the chart represents the ideal Wave C to Wave A Fibonacci ratios. It is interesting that the 0.618 wave C to Wave A ratio falls very close to the 0.5 retracement level
Note: The red line is the 0.618 retracement level. A close under the red line invalidates this count.
Assuming the correction ends at or near the 0.5 retracement, I will be looking to enter long and target the 2 price targets listed (ideally the 1.618 extension).
Will we see a bounce at the 0.5 along with an announcement of inclusion in the S&P?
Please let me know your thoughts in the comments and hit the like button!
Note: The red line is the 0.618 retracement level. A close under the red line invalidates this count.
Assuming the correction ends at or near the 0.5 retracement, I will be looking to enter long and target the 2 price targets listed (ideally the 1.618 extension).
Will we see a bounce at the 0.5 along with an announcement of inclusion in the S&P?
Please let me know your thoughts in the comments and hit the like button!
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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.
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.