Long

Quickpost BTMFD on TSLA

Updated

Glossed over:
Interest rates are pumping, debt is getting expensive, commodities are booming (silver and electronic vehicles, DYOR) and DXY is in a massive ascending triangle (get good at TA or stay poor).

Quickpost

Potential elliot wave 1-5. Looking for an ABC correction to conclude within Wave 4. No idea if we get a triangle, running flat, some sort of W pattern, or something else.
I expect the weekly Bollinger Band to be supportive on this trade. If I see price action out of the weekly BB I will be trailing down buystops or buying calls.
A 1-5 and A-C correction set up a higher time frame 1-2 Elliot wave. Target is near the moon (not shown due to quickpost).

Conclusion
Not financial advice.

Comment

I continue to wait to buy this dip. The Bollinger bands and price action appear to continue to support my analysis and wave count. Midline of the daily BB continues to act as stiff resistance.

Comment

TSLA is now under both the weekly and MTF Vstop. It seems clear that we are going to see our C wave after doing an A and a B (not shown). Target is still the buy box. If we don't go below wave 4 that means we are primed for a massive uptrend rally as the stimulus and meme-stock phenomenon inflate this bubble even higher over the next 3 years or so.

Comment

Looks like a perfect bull trap. Target zone remains the same.

Comment

tradingview.com/x/XRnhgnxx/.
TSLA is about to have a daily MACD cross with the price action against wedge support. The break is almost here.

Comment

Current plan

Comment

Developed into an ascending triangle, buy box is the same.

This_Guhy

And I promise every Floridian that you will all be rich... because we're gonna print some more money! Why didn't anybody ever think of this before?

~Nathan Explosion

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