Hello traders, Tesla in daily timeframe , this analysis has been prepared in daily timeframe but has been published for a better view in 2 day timeframe.
We preferred to do the logarithmic wave counting, but we left it out because the structure of the previous waves was not known.
Based on the count that was done and according to the channeling, we realized that the main waves 1, 2, 3 and 4 have been formed and now we are inside the 5 main wave.
From the main 5 wave, waves 1, 2 and 3 have ended, and now we are inside wave 4. At first we thought that wave 4 was zigzag , but then we reached the triangle.
This triangle corrected wave 3 more than usual and the correction continued to Fibo 0.78 and the channel floor.
We assume that this recent ascent was related to wave 1 of the main wave 5 because it has changed in terms of slope compared to the previous wave, and this trend was the correction side of wave 1, after which we will wait for the ascending trend.
If the specified limit is broken downwards, the impulse structure is probably over and we are in a higher level correction.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️
We preferred to do the logarithmic wave counting, but we left it out because the structure of the previous waves was not known.
Based on the count that was done and according to the channeling, we realized that the main waves 1, 2, 3 and 4 have been formed and now we are inside the 5 main wave.
From the main 5 wave, waves 1, 2 and 3 have ended, and now we are inside wave 4. At first we thought that wave 4 was zigzag , but then we reached the triangle.
This triangle corrected wave 3 more than usual and the correction continued to Fibo 0.78 and the channel floor.
We assume that this recent ascent was related to wave 1 of the main wave 5 because it has changed in terms of slope compared to the previous wave, and this trend was the correction side of wave 1, after which we will wait for the ascending trend.
If the specified limit is broken downwards, the impulse structure is probably over and we are in a higher level correction.
🙏If you have an idea that helps me provide a better analysis, I will be happy to write in the comments🙏
❤️Please, support this idea with a like and comment!❤️