Tesla Update: Wave (i) of 3 of (3) Almost Done

This has been a pain in the rear to try and count this move higher from the $193.80 bottom. It has been overlapping and downright corrective looking. I mean, it came less than $2 from overlapping wave iv with ii. Doesn't get much closer than that. However, in the amount of time I have been using EWT, I have learned to trust my original count. Your first gut instinct is usually the correct one, or at least mine is. We never had anything that actually invalidated my count. For that reason, I kept my primary despite many people criticizing it. Even my mentor challenged me, but after a discussion we both came to the EXACT same conclusion. Honestly, this helped with my confidence at a time when I needed it. Rather it was God working through him, or just plain old good timing, it helped me stick to my guns.

I haven't gotten every move correct, but my overall primary thesis has remained. Sure, I didn't participate very much on this $72/37% move higher, but I didn't lose either. I would like to see us move higher into the 1.786 fib before starting a retrace. Once we do retrace, it should take the shape of a 3-wave move. It is towards the bottom of that retrace where I plan on entering into a trade. The next move that comes after that will be powerful to say the least as it will be (iii) of (3) of ((3)) of V. Good luck everyone!!

Komentar:

At this time MACD is on positive divergence. This could either indicate b wave of some degree is about to form or we are about to push higher yet again. As said before, ideally, I would like us to push to at least the 1.786 fib before starting wave (ii). This reminds me of the old saying though, poop in one hand and wish in the other, then see which fills up first. I will update tomorrow throughout the day as needed.