Tesla hit my OMH that I called for yesterday. That completes 5 waves up and we should be starting our wave 2 descent now. It could be short/shallow or it could be long/deep. The rules of alternation dictate wave 4 should do the opposite of wave 2, which is why it is harder to predict wave 2 and wave 4 usually becomes more complex.
I'll give more details later tonight or tomorrow but suffice to say wave 2 normally ends between the .382-0.618 but could retrace 99.9% of wave one and still be valid.
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
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.