Overview: TSLA matched our expectations almost perfectly. Let's review the key points of that update:
Update: TSLA developed wave II of C of (Y) in this week, as we expected, it just went higher than our potential target area. Let's look at the hourly chart to see what is the development state of this wave:
It seems wave II developed as a flat and we are in it's wave (c).
Potential target for wave II peak (300.8-307.7):
1) Retracement of wave I: 303.22, 304.29, and 307.68
2) Volume profile of wave I: 300.8, 303.76, and 306.72
- Looking at the hourly chart, I think wave I is now complete and we are in the process of wave II.
- Potential targets for wave II peak? 282.31-292
Update: TSLA developed wave II of C of (Y) in this week, as we expected, it just went higher than our potential target area. Let's look at the hourly chart to see what is the development state of this wave:
It seems wave II developed as a flat and we are in it's wave (c).
1) Retracement of wave I: 303.22, 304.29, and 307.68
2) Volume profile of wave I: 300.8, 303.76, and 306.72
