Still pointing up

In my last post, I stated we should move up for wave 3 of ((c)) next, however price had other plans. It declined/overlapped my previously labeled wave 2. This tells us two things. It can either turn out our ((c)) wave ended early and retraced for wave B, which could have OML (orange B), or I was off by one degree, and we carved out our wave 2 this morning. This is labeled by the turquoise numbers indicating it as my 1st ALT count.

This next move, rather it be my black count or my turquoise count, can look identical in structure. Both of the patterns have the same structure and very close end points to one another. If we drop past $157.32 then it is the orange B, which we would then head higher in wave C. That is my 2nd ALT and not very likely but still a possibility. MACD has reset and it looks as if Tesla is ready for another push higher.

If you joined me in this trade, you are still at over a 5% profit and that is after this retrace. I believe by the time Tesla tops it could have the potential of earning you 20-25% profit on this trade minimum if you bought @ $154. Stay strong friends, target of $190 - 200 is still intact.

Bonam Fortunam,
--Tyler