I am sharing my thoughs on Tesla.
The count follows fib ratio rules. After the short breakdown recently, I find it being bearish.
The first big wave down follows a simple 5 waves down pattern. Now this tells us that it could be a bigger 5 waves down where we could have started the 3rd right now OR being a simple 535 ZIGZAG.
Because both of them are bearish scenarios, we should aim for red the coming days.
The 2nd wave or B wave namned XWY here is a complex correction that includes a flat, another complex correction, and a zigzag. The count here is clearly a total of 3 waves.
Now if the price rises above 780 again, then the count isn´t valid anymore.
For now let´s see if it makes a lower low.
If it does, then we´re entering a new 5 waves down.
The count follows fib ratio rules. After the short breakdown recently, I find it being bearish.
The first big wave down follows a simple 5 waves down pattern. Now this tells us that it could be a bigger 5 waves down where we could have started the 3rd right now OR being a simple 535 ZIGZAG.
Because both of them are bearish scenarios, we should aim for red the coming days.
The 2nd wave or B wave namned XWY here is a complex correction that includes a flat, another complex correction, and a zigzag. The count here is clearly a total of 3 waves.
Now if the price rises above 780 again, then the count isn´t valid anymore.
For now let´s see if it makes a lower low.
If it does, then we´re entering a new 5 waves down.