SamSuka
The Long Investor
The Long Investor

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$TSLA TOP 20

If the latest pull back is now complete and it hit the 0.236 Fib and bounced, then completing Wave B, then Wave C could be starting, a break out above the previous high confirms this, rejection at the previous high and it may come down.

$TSLA TOP 20 $TSLA TOP 20

Comments

I don't want to argue just to understand. In the previous chart wave B bounced at 0.236 right, but this was priced with 176 and today - 1,5 trading days later - 0.236 is priced at 187. although I of course understand that these are only likely areas, the difference is huge to me. And I just dont understand what is changing that. I believed EW is far les influenced by day trading activities, but this seem to be wrong. Or is my interpretation wrong?

Bjoern Szymkowiak

There is also no guarantee that Wave C has started until it goes above the previous high

Gareth Neary

I will also not leave a chart unchanged as I will get more people asking for an update then, it is one or the other.

Gareth Neary

It doesn’t change every day. It bounced on a very important fib level for Wave B. Like I said over the weekend, if it goes to the lower fib levels then it is wave 2 as this is an impulse wave then but it has not done this, it bounced at a corrective wave pull back, I have charted a lot on the difference between corrective and impulse wave pull backs, I can not be any clearer. EW theory can show you where likely areas are to bounce…in this case, Tesla has bounced exactly on an important Fib level

Gareth Neary

How can the prediction on TSLA change almost every day? I mean on the weekend a wave down to 160/170 was precidted, now it stopped ans reversed at 187? why? what was wrong before? How sure are you that Wave C started now?

Bjoern Szymkowiak

That’s a call I can’t make

Gareth Neary

Do you suggest adding now?

faizan baig


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