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Tdwaves

$TSLA Trees Don't Grow to the SkyHi Everyone, I am back with a bearish outlook on $TSLA. Looking at large timeframes, we are possibly hitting exhaustion points Monthly C21 Weekly S21 Since higher timeframes are pretty significant we should favor a bearish scenario for the incoming week(s). For now, no bearish targets, it is too early but trading ideas should show up next week. Take into account that the S21 exhaustion point is based on HL termination settings. By changing this setting to open termination, the count is still on a bar 19. However, I favor HL termination for now with 2 converging elements: This weekly close could end as a Doji. Daily Supply Line (orange Line) target is reached (check the previous idea for more details) Cheers, MATHR3E
NASDAQ:TSLAShort
by MATHR3E
$EURUSD fighting with that 1.20 levelEURUSD has recently drawn a clear and complete Elliott wave pattern. Waves 3 and 5 have perfectly reached their objectives, as well as wave C. The ABC corrective pattern is complete and the price is now consolidating below 1.20. The Elliott Wave indicator is now pointing out 2 scenarios: - a bullish wave 3 in progress - a bearish wave 4 in progress The bullish trend is not over with an awaiting S13 exhaustion point to come The required level to complete the countdown is above 1.1936. It also matches with the current wave 3 target and the target of the broken Supply line (Level 1) If we reach this price level, this would mean that bearish wave 4 could then: - turn into bearish wave 2 if closing price stay below 1.1936 - vanish if we have a daily close above 1.1936 Therefore, this 1.20 level will be critical in determining the next step: If we break the 1.20 resistance, the next target will be 1.226 Otherwise, the bearish target will be around 1.14 Best! MATHR3E
by MATHR3E