TESLA massive Wyckoff Distribution

2022年1月29日

Tesla and the NASDAQ are in a massive Wyckoff Distribution (selling) cycle. If we complete the next 14% down, the dip buys will be absolutely epic, but you can't hold more than a couple months. And you can't hope to trade the inside of the range. It will be pure chaos. You can short the top, and long the bottoms confidently.

2022年1月29日

註釋

The red histogram is the volume profile. It's key to knowing where the point of control for the stock is. IF we fall more, we'll revisit that line to confirm it is a fair price. However, we'll likely get bears wanting to prove the old channel is valid, and to do that, they want to break at least one fib line below the top of the pink channel. 600 is a nice number. and it's at the low end of the volume range block surrounding that POC. Thus, I predict the first bottom is there, and a dip buy will allow you to ride it up to a second test of the upper channels 50% point. But that will fail also, and we'll keep zig zagging. Bouncing off the old channel, trying to hold the new channel. This is normal price discovery it's just on a huge scale for Tesla. Ultimately, it will settle under 400 before beginning it's long term story. And the size of the initial price discovery bodes well for it reaching the stratosphere later. This is just the first step. But I'd sell all the peaks that near new highs and buy all the dips. Otherwise you're going to feel very jerked around.