Overview: let's review the key expectations of the previous update:
Update: I see wave (b) of V developing as an expanded flat, where waves a and b are complete and we are inside wave 2 of c of (b). Personally, I won't play ANY bullish swing trades on TSLA for now (unless I see strength in the structure, which I think is very unlikely) and will remain on the weak side (bearish) and look to enter short as high as possible (wave (b) peak).
- We are in wave (b) of V of C of (Y) of 2.
- FOR NOW, I have 89.49 as a potential bottom for wave 2
- A falling knife that can go much much lower.
- Level by level: IF we don't see any sign of accumulation around 89.49, it will definitely go to 60.54 (if that level holds or 42.27 comes next).
- On the hourly chart, I see wave (b) of V developing as a double zigzag , and we are inside wave C of y of (b) at the moment.
Update: I see wave (b) of V developing as an expanded flat, where waves a and b are complete and we are inside wave 2 of c of (b). Personally, I won't play ANY bullish swing trades on TSLA for now (unless I see strength in the structure, which I think is very unlikely) and will remain on the weak side (bearish) and look to enter short as high as possible (wave (b) peak).
