Tesla Update: Retrace Imminent

Our wave iii should be done and if not, only needs OML. Looking at it, I could easily see how someone could say it is in an ending diagonal structure and demands another low. This is signified by the turquoise count and has a 50/50 chance. I could also say this move down is over and we open up green tomorrow. As of now the NQ and ES opened green but that isn't really saying much.

The chart has my target boxes per the usual. We should retrace for iv next, and since wave ii was shallow and short, iv should be deep and long if the theory of alternation is to remain intact. If we either open even or red, I will most likely buy some calls in mass. The contracts I have been looking at are the 03 Nov $230 or $235 strike. We shall see what the morning brings. Good Luck everyone!

(P.S: We are on massive pos div.) 😉

Bonam Fortunam,
--Tyler

Transaction en cours:

Bought 5 calls 11/10 $230 @ $2.5

Transaction en cours:

Added 3 calls

Commentaire:

Stop limit at $2.85 for minimum of .35cents/contract profit

Trade fermée: ordre d’arrêt atteint:

I will try and re-enter but wanted to make sure I at least collected some profits early. As of now my position closed for an easy $300 profit in the first hour of open market

Commentaire:

Tesla did its thing and juked me out early. But I can't be mad, like I said, I made a profit. It's starting to look like we raise to the $217ish area by the 1.236 fib for the a of iv. When we retrace for our micro b wave I will buy some more calls

Commentaire:

If the micro a is over it will most likely drop to the 1.5 fib around the $207 area for micro b