$TSLA TOP 20
Added 2024-12-12 19:51:12 +0000 UTCOk we have made a new ATH here and its been a phenomenal run for $TSLA since hitting $142 in April.
I believe $TSLA is in Wave 3 now as it runs aggressively to the 1.618 Fib at $453.
We can also see that $TSLA found support on the 0.618 Fib in April too, which is standard for Wave 2.
THE MOST IMPORTANT PART:
$TSLA IS NOT IN WAVE 5, IT IS IN WAVE 3 AND THE US MARKET IS IN WAVE 5.
So I believe $TSLA will pull back with the market when it completes Wave 3 and the pull back will only be Wave 4 and wont be as harsh as the US market decline.
And look where the Wave 4 is aligned perfectly with?.....the 0.38 Fib and the First Target level, the 0.38 Fib is standard for Wave 4 as we know.
So around $453 will be the local top for Wave 3 for me.
Comments
Is there any chance of an extended wave 3 that extends past the 1.618? Thanks
Tim
2024-12-13 18:39:51 +0000 UTCHi, thanks for the analysis! one question here, could in this case this impulse wave also be an extended wave b? saw that somewhere else and now i am just curious
Chrstn
2024-12-12 22:26:42 +0000 UTCWas just thinking about where we are with Tesla thanks cap
Andre markland
2024-12-12 22:07:35 +0000 UTCAny changes based on price action today and overall market? Could we have already hit Wave 3 and starting Wave 4?
Ollie
2024-12-12 22:01:41 +0000 UTCRoger! 😎
Federico Salerno
2024-12-12 20:15:48 +0000 UTCI think that would be in line with how we would normally trim at a Wave 3 rejection.
Gareth Neary
2024-12-12 20:13:59 +0000 UTCThanks CAP !!!!
DavidPaul_K
2024-12-12 20:11:47 +0000 UTCDario - Cap won’t tell you that, but his strategy is in the learning area. There is a sort of basic strategy for profit taking. I think selling 20-30% is fine at top of wave 3 and then I believe cap recommends 50% at peak of wave 5
DavidPaul_K
2024-12-12 20:11:40 +0000 UTCThank you Cap - how much % would you sell out at wave 3 - 20% to 30%? and back in again for wave 4?
Dario
2024-12-12 20:05:40 +0000 UTC👌
Adam Pickford
2024-12-12 19:54:15 +0000 UTC
