Overview: in the update of last week, I had TSLA in wave b of 2 developing as a triangle and had 145 area as a potential target for wave 2 bottom.
Update: this week we broke down through the support line of the triangle, indicating the start of wave c of 2 as we expected. I see wave (IV) of c of 2 completing early next week, leading to the final push lower to complete wave 2. Based on the structure, fib ratios, retracement of wave 1 and its volume profile, I have 157.6 (favoured for now unless it breaks lower) or 144.29 as my targets for wave 2 bottom.
Update: this week we broke down through the support line of the triangle, indicating the start of wave c of 2 as we expected. I see wave (IV) of c of 2 completing early next week, leading to the final push lower to complete wave 2. Based on the structure, fib ratios, retracement of wave 1 and its volume profile, I have 157.6 (favoured for now unless it breaks lower) or 144.29 as my targets for wave 2 bottom.
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Publications connexes
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.