Overview: in the update of previous weekend I mentioned the fact that the price action of TSLA up here is becoming challenging to gain a clear understanding of what it is doing.
I had the peak of wave a of 3 being in and expected wave b to bottom (40 week trough) on the third week of August around 230.
Update: the price action of this week is helping me to gain a better understanding of where it is going to. I think wave a of 3 is still playing out (very close to it's peak) and I have 291.91 as a potential target for the peak (peak of the current 40D cycle). The rest is the same as described before, wave b of 3 expected to bottom sometime on the second or third week of August around 230.
Note that this overall path is exactly what I showed on the update of June 23rd.
I had the peak of wave a of 3 being in and expected wave b to bottom (40 week trough) on the third week of August around 230.
Update: the price action of this week is helping me to gain a better understanding of where it is going to. I think wave a of 3 is still playing out (very close to it's peak) and I have 291.91 as a potential target for the peak (peak of the current 40D cycle). The rest is the same as described before, wave b of 3 expected to bottom sometime on the second or third week of August around 230.
Note that this overall path is exactly what I showed on the update of June 23rd.
