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.
Counting has taken on a new form and this counting wave is in a higher degree of fractal than the previous counting.
When the warning range was broken in the previous analysis, the wave count was performed and now we will explain the new count.
According to the wave count of and , has ended and there is no normal ratio between these waves.
The wave starts the correction and according to the current structure of this wave, we assume that the pattern is flat.
This plate is located in its initial wave, wave (a), and we assume that after another descent to the ceiling of the channel, an upward movement will begin for wave b, and this movement will be confirmed when the bottom of the channel is broken.
If the decline continues beyond Fibonacci 0.5, the pattern will change and there may be a correction phase for wave 4 in a shorter time.
🙏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!❤️
Counting has taken on a new form and this counting wave is in a higher degree of fractal than the previous counting.
When the warning range was broken in the previous analysis, the wave count was performed and now we will explain the new count.
According to the wave count of and , has ended and there is no normal ratio between these waves.
The wave starts the correction and according to the current structure of this wave, we assume that the pattern is flat.
This plate is located in its initial wave, wave (a), and we assume that after another descent to the ceiling of the channel, an upward movement will begin for wave b, and this movement will be confirmed when the bottom of the channel is broken.
If the decline continues beyond Fibonacci 0.5, the pattern will change and there may be a correction phase for wave 4 in a shorter time.
🙏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!❤️