Overview: let's review the key points of the update of previous weekend:
Update: TSLA followed the proposed path perfectly. I see wave (A) of 3 of a of (I) of a of 3 being complete. What follows is wave (B), then continuation higher to 180 area to complete wave 3 of a.
- TSLA bottomed at 151.71. Although we fell a bit short of my target (149.48), I am favoring bottom being in on TSLA based on the structure.
- On the hourly chart, I see wave 1 of a of (I) of a of 3 very close to its completion.
- What follows is a pullback as wave 2.
Update: TSLA followed the proposed path perfectly. I see wave (A) of 3 of a of (I) of a of 3 being complete. What follows is wave (B), then continuation higher to 180 area to complete wave 3 of a.
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