$TSLA TOP 20
Added 2023-07-23 19:42:14 +0000 UTCTough week for $TSLA as the market took into account that margins have been reducing and the price action has climbed remarkably fast over a short period of time with any significant pull backs.....which is normally found in an ABC count.
So we watched to see how $TSLA would handle the $300 level at our trend line and it hit $299 and rejected very aggressively, pulling all the way back to $256 at one point.
I have said for a number of weeks now that the $268 level is important, so below this and the count is favouring the bears and above, the bulls.
It may get a relief bounce this week as attention will be pointing towards the other Mega Caps but a series of lower highs will be a trend that the bulls do not want to see.
For now, the red corrective count is the main count we are watching.
Comments
agree Khoi! 240 seems more plausible and what I am eyeing as well
Parth Shah
2023-07-25 17:01:11 +0000 UTCI'm eyeing shallow wave 4 to 240 before an extended wave 5. That's to me is more likely.
Khôi Lê
2023-07-25 13:50:00 +0000 UTCnio
John Miller III
2023-07-25 13:38:14 +0000 UTC
