$TSLA TOP 20
Added 2024-07-09 16:43:16 +0000 UTCSo we have got the move up for Wave 3 to the 1.618 Fib as charted.
Now comes the interesting part, do we get a pull back next for Wave 4, a Wave 4 pull back to hold above the yellow trend line confirms the impulse wave and that the bottom is in.
From $168 to $265 in less than 1 month, this needs a pull back now.
Bulls do not want to make this go extended which is what happened in Mid 2023 and then declined for 12 months, many people and members here thought this was going to the moon then too and they missed their chance....but that's not how impulse waves work
They need structure or they break down, if you have not entered here, I suggest waiting for Wave 4 to complete first.
Comments
Thank you Cpt, I took 25% gain and will reenter at 228.
Brian
2024-07-09 21:48:39 +0000 UTCI need to hold because my average is, unfortunately, slightly above the actual price. No problem if a corrective wave occurs, it could be an opportunity to lower my average.
Federico Salerno
2024-07-09 21:41:48 +0000 UTCI sold 1/3 of my position and will reenter if it successfully retests otherwise will let it ride…
Reuben Garrison
2024-07-09 19:50:28 +0000 UTCI have no idea what to do, so I'm just going to hold. This has been a long time coming and if the everything aligns, this could pull an $NVDA type breakout.
Chris
2024-07-09 17:07:39 +0000 UTCFalling below the yellow trend line for me
Gareth Neary
2024-07-09 16:58:39 +0000 UTCThanks for this. I’ve taken profits based on your suggestion. What would invalidate a wave 4 pullback? Asking so I know when to get back in on invalidation.
Sam
2024-07-09 16:54:10 +0000 UTCI listened to your advice from earlier this week, exited at $255 today and picked up 200 AMD shares, missed out on a few $ but was half expecting this run to end.
Phil Smith
2024-07-09 16:47:19 +0000 UTC
