TeslaMis à jour EWP help wanted - could TSLA see 810, 840 by Friday?
The chart shows my rudimentary understanding of Elliott wave patterns, and I am aware that wrongly applying EWP will ruin trade ideas. Thus I am inviting EWP experts to offer their insight here. Feel free to read my view below and support or correct it with your expertise. Thank you!
My blue line shows a 5-wave impulse pattern down, while the gray line shows a 3-wave countertrend move. Within this countertrend, wave 3 (C) should end higher than wave 1 (A). Therefore I have further subdivided wave 3 to show price going up over the next few days (to C), which could be 810 or higher to 830-840.
My blue line shows a 5-wave impulse pattern down, while the gray line shows a 3-wave countertrend move. Within this countertrend, wave 3 (C) should end higher than wave 1 (A). Therefore I have further subdivided wave 3 to show price going up over the next few days (to C), which could be 810 or higher to 830-840.
Note
By my usual indicators, I am bearish and expect further downside in the stock price. My intent with this post is to receive EWP insight on whether or not price can/should move higher this week.
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Clause de non-responsabilité
Les informations et les publications ne sont pas destinées à être, et ne constituent pas, des conseils ou des recommandations en matière de finance, d'investissement, de trading ou d'autres types de conseils fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.