TeslaUpdated Sub-wave 2
Today gave us OMH which extends our sub-wave 1 timeframe to 6 days. Today we started what I believe is our sub-wave 2 and marked on the graph is the ideal place wave 2's end. I will be watching this very closely as I want to buy in more towards the bottom of this retrace.
The key will be watching for when the count/structure is complete. We already have a 5 wave structure down. Next should be an ABC retrace up, followed by another 5 wave structure down to complete the wave. Wave 2's very commonly are a 5-3-5 zig-zag structure. If this happens to be the case here we could then expect wave 4 to be more complex like a flat. All we can do now is wait for clues.
💰💰Good luck to all💰💰
--Tyler
The key will be watching for when the count/structure is complete. We already have a 5 wave structure down. Next should be an ABC retrace up, followed by another 5 wave structure down to complete the wave. Wave 2's very commonly are a 5-3-5 zig-zag structure. If this happens to be the case here we could then expect wave 4 to be more complex like a flat. All we can do now is wait for clues.
💰💰Good luck to all💰💰
--Tyler
Trade active
Buy order placed for 70 shares @ $177.35
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Go to ewtdaily.com for DETAILED DAILY UPDATES on 27 unique tickers and a daily zoom call with members to discuss latest analysis and get a 7-day FREE trial
Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.