Prinary or Sub-Wave 4?
So needless to say the markets were crazy today!! Tesla was no different. It hit a low of $198.59, just inside my wave 3 box yesterday morning. I was expecting more of a drop though so I DID NOT make any trades.
Today it hit a high of $224.34 for what I believe is the A wave of our primary Wave 4. The reason behind my thought process is this was an impulsive 5 wave count retrace. If we are about to embark on a B wave of wave 4, expect around $2004-214 for a C wave bounce.
Alternatively this could still be another sub-wave 4. If that's the case expect another new low in the next couple days. Time will tell, let's see what price tells us shall we??
👑💰TEAMWORK MAKES THE DREAMWORK💰👑
~Tyler
Today it hit a high of $224.34 for what I believe is the A wave of our primary Wave 4. The reason behind my thought process is this was an impulsive 5 wave count retrace. If we are about to embark on a B wave of wave 4, expect around $2004-214 for a C wave bounce.
Alternatively this could still be another sub-wave 4. If that's the case expect another new low in the next couple days. Time will tell, let's see what price tells us shall we??
👑💰TEAMWORK MAKES THE DREAMWORK💰👑
~Tyler
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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