$TSLA TOP 20
Added 2024-08-07 18:34:37 +0000 UTC$TSLA losing the wedge support level at $231 triggered many to sell, stop losses to get raided and when the 50 and 200 Day MA were lost, the impulse count broke down.
The $140 to $270 was likely a corrective bounce with Wave C ending high, meaning we will see a 5 wave down move now.
Price action has also tested its 200 Day from below today and has rejected hard, further sign that the trend is to the downside now.
I did not buy at $144 in May but a test at the trend line between $150 - $155 might attract me to finally enter $TSLA, once it holds.
Comments
We were tracking on the EW in the wrong wave since early July?
Brian
2024-09-10 19:36:13 +0000 UTC
