Tesla either completed elliot wave 5 up or is mid way through it

28 avr. 2020

Two ways this plays out...

#1 We are already over with wave 5, which has extended to 123.6% of wave 4. Heading down for the foreseeable future. Can break this up into further subwaves if this is the case, but we would be at the mercy of seeing how long wave 1/A is down before a corrective 2/B wave up occurs. Aka earnings report has a negative effect on this ticker.

#2. Earnings has a positive effect on this ticker. There are multiple targets up if this is the case. Wave 5 can extend to 840, then next target is 885, then next target is 1000 from there. This would happen quite rapidly.

We will know what direction we are going in within ~48 hours.

28 avr. 2020

Note

Note there are two gaps to fill. One formed around 2/21 up near the ATH which points us up to the 890 range, coincident with our potential 885 target range. The other was formed recently, which points us to the 740-755 range.

29 avr. 2020

Note

Well! there's some solid proof that wave 5 was not over with. 840 target smashed within seconds! Next is in the 885 range and we are close. If we break that, we could hit new alltime highs. Good day to be holding some calls!!!!! Woo!

30 avr. 2020

Note

Nailed the 885 target, 886 and change to be exact. Let's see what premarket brings tomorrow. Hopefully it holds or exceeds the price we closed at this evening. Exceeding it is still very likely based on past history.

I will be taking profits tomorrow morning, but will keep my eyes peeled to enter again for further upside.