It's clear TSLA is correcting after a historic run. things dont go vertical forever. Are you new here?
I have it in wave 4 of C
Anticipating a complex correction by the rule of alternation, so wave 4 still has some time to play out completely.
It's clear wave B of the larger ABC is complete. wave C projected to the 1:1 of A to B.
given that wave 1 of C projection went REALLY deep, like almost to the 2.618, we can expect a deep wave 5 as well.
This will establish bullish divergence on the larger TFs as well.
By VPVR there's targets near the 3.618. I really dont like doing fibs this far out, but im giving it a relative zone that fits the evidence mentioned above.
I have it in wave 4 of C
Anticipating a complex correction by the rule of alternation, so wave 4 still has some time to play out completely.
It's clear wave B of the larger ABC is complete. wave C projected to the 1:1 of A to B.
given that wave 1 of C projection went REALLY deep, like almost to the 2.618, we can expect a deep wave 5 as well.
This will establish bullish divergence on the larger TFs as well.
By VPVR there's targets near the 3.618. I really dont like doing fibs this far out, but im giving it a relative zone that fits the evidence mentioned above.