TSuth

TSuth

Tesla is clearly in its subwave 4 of wave 5. Technically speaking it meets structural integrity to be complete, however, I feel it still has at least OMH to make before starting down for subwave 5 of 5. Until subwave 4 tops I can't give accurate price points. 👑💰Best luck to all💰👑 --Tyler

TSuth Updated 

Sorry I haven't made a post in the last couple days. I have been busy and haven't had the time. I marked on the chart our ABC correction for wave 4. Looks to me as if we started our wave 5 down, but we still need one more low to complete the pattern. You will notice there is a lot of confluence around the area I marked as a possible end point for sub-wave 1 of...

TSuth

Looks to me as if we have started our wave 5 down in this ED. I'm staying out until we bottom but I have marked a probable ending to subwave 3 where we will have a small retrace. After which we should head down for subwave 5 of wave 5. Good luck yall! ~~Tyler

TSuth

Tesla apparently had another high to give us. The structure looks complete to me and should continue heading to the downside. On the chart I marked what are the most probable ABC points. Let's see what it tells us today. 👑💰TEAMWORK MAKES THE DREAMWORK💰👑 ~Tyler

TSuth

Today Tesla made a slightly new local high in it's sub-wave 2 of wave 5. This is still a 3-wave zig-zag correction. Tomorrow should start down and continue down for our sub-wave 3. There is still a possibility to make another new local high, but it is unlikely in my opinion. As you see on the chart, Tesla came right up to the 0.236 Fib line of sub-wave 1 and...

TSuth

From the local high of $233.80 we had a 5 wave structure down for our sub-wave 1 and then a corrective retrace up to $228.85 for sub-wave 2. On monday I fully expect us to start heading down for the sub-wave 3 of wave 5. We didn't fall as far as I would have liked today, so in order for the 1.414 price point to stay intact we have to drop to around $190 before...

TSuth

If my thesis is correct then Tesla topped out in it's wave 4 @ $233.80. In the chart above I have an ABC retrace suggesting we should get OMH up to $227.01-229.60. This is not required for the count, I just think micro-wave 2 will cut more into micro-wave 1. Afterwards we should be headed down for our micro-wave 3 of sub-wave 1 of Primary Wave 5 of C Wave...what...

TSuth

So needless to say the markets were crazy today!! Tesla was no different. It hit a low of $198.59, just inside my wave 3 box yesterday morning. I was expecting more of a drop though so I DID NOT make any trades. Today it hit a high of $224.34 for what I believe is the A wave of our primary Wave 4. The reason behind my thought process is this was an impulsive 5...

TSuth

Rivian looks like it may be in an ending diagnol. This recent retrace today overlapped wave 1. The only way this makes sense to me is if it is an ending diagnol as that's the only way wave 4 can retrace into wave 1 territory. It's either that or my count is wrong which is very possible. Time will tell. Let's wait and see what price action tells us this...

TSuth

We should be in our sub-wave 5 of Primary Wave 3 right now. The structure looks to still need at least OML before completion. If my analysis is correct then once price reaches my box of $187.95-199.30 (preferably $190ish) we should see a nice bounce for our primary Wave 4. This will be a quick retrace IMO if Tesla is to catch up to the rest of the market. This...

TSuth

I believe Tesla is in its sub-wave 4 of wave 3 at this time. This still coincides with the original end target for wave 3 @ $185-200 I made on Oct. 11th. (Look at past post) This also coincides with the upcoming bottom to the US Markets. When Tesla finally does bottom I think it's going to rebound big time so make sure y'all are ready when the time gets a little...

TSuth

I haven't quite figured out how to better/best predict timing of pricing points. Something I hope to significantly improve on. Nonetheless timing doesn't change price targets. I believe the S&P is set to decline tomorrow in what I hope is wave C of sub-wave 2 of wave 1. If that's the case I'm almost certain Rivian will make its move down to the $25.71...

TSuth

As stated in my last couple posts Rivian was due for a bigbdrop. The big retracement in the markets attributed to the delay on Rivians price dropping IMO. Nonetheless, the drop was coming regardless of what the market has planned. We are still in our sub-wave 3 of wave 3. $24.5-$25.71 is our target zone before a retrace for sub-wave 4. I'll be able to generate a...

TSuth

The S&P seems ready to start its final trek down in its Wave 5 tomorrow(hopefully). With it Rivian will, IMHO, head down towards my price box of around $25. There should be a decent pull back for sub-wave 4, if not expect it to extend wave 3. You can see this by looking at the MACD. Good luck! 👑💰TEAMWORK MAKES THE DREAMWORK💰👑 ~Tyler

TSuth

Looks like Tesla is extending in its Wave 3. My price target is around $185-$190 @ the 2.618 Fib line of Wave one and the 1.618-1.786 Fib lines of the normal Wave 3. This close to the bottom, I'm sitting these final mechanisms out. Good luck to anyone "brave" enough trying for these scraps. When we come into this target area we should get a nice bump up to...

TSuth

Looks like we've finished sub-wave 2 and are about to make our journey down for sub-wave 3. The third wave is most commonly the strongest and longest lasting wave, and we're about to enter sub-wave 3 of Wave 3... $25.71-$24.50 are my next price targets. After that Rivian should rally for a sub-wave 4 up to the $26.90-$28.47 area. S&P should bottom tomorrow or...

TSuth

Rivian is obviously still currently in its Wave 3 and has a long way to go. Ideally/normally it will go to AT LEAST the 1.618 Fib line of Wave 1. That price point is $24.99. But Wave 3 is the most common Wave to extend so we will have to wait and see how this plays out. Only time will tell. Short this stock if you really have to, but with the major markets...

TSuth

Tomorrow Rivian should start its next trek down in its Wave 3. Most people will say the stocks falling due to recalls or this or that. Long story short, we knew the stock was going to drop before this news even came out. So, it does nothing to change my strategy. For arguments sake you could say this drop was B of 2. Which would warrant a rise above $37.38....