Elliot618

Elliot618

Nothing goes up in a straight line, gravity is going to win.

Elliot618

**WHERE DO WE START** At this point it is nearly unarguable that the move up form the Covid lows looks impulsive, meaning we are in some sort of a new bull cycle. In the past, since US10Y's inception back in the late 1970s the path it followed had a downwards trajectory that made new lows after each bull cycle was done. The US10Y would then correct those lows...

Elliot618

Looking at Tesla from an Elliot Wave perspective shows a very bullish uptrend since inception of the stock itself. Corrections & Bear Markets are there to beat you down and make you want to give up, and once in a while we are do for a big one. Looking at the chart I see a completion of Macro wave III which started in June of 2019. This was a huge move for Tesla...

Elliot618

The treasury yields have been in a decline for many decades, on the other side we have a very unique situation in the equity market. We have over evaluations in many markets, especially in the tech sector that was fueled by the billions of dollars pumped into our economy during he pandemic. The interest rates were heavily suppressed and this country experienced...

Elliot618

My charting focus revolves around Elliot Waves with Fibonacci Relationship. We can clearly see a beautiful 5 wave impulse move from the low of 2019. This move should follow by a 3 wave correction of which we already have an ABC, the correction is good in price... but it's lacking in time. Too quick of a move down to correct a 3 year rise. Therefore I would expect...

Elliot618

Still in line with my previous analysis. I approach this from an Elliot Wave perspective with Fibonacci relationship. To me this looks like a macro ABC with final leg down reaching extremes. We are likely in a bullish divergence territory on a Weekly Chart. The chart above is Daily for easier wave count to pin point where C might end. The support box is in...

Elliot618

Clear Downtrend through summer of 2022. The wave count shows that a wave 5 is in progression with only 1, 2 completed and looking for a 3 down. After the trend ends we can expect a bullish bounce. Not a Financial Advice

Elliot618

Shows a clear impulse down, similar to many other stocks like netflix. I think it will be do for a rally up in 3 waves and I will expect it to fail and start another leg of 5 wave move down. It just so happens to match the 200MA on the Weekly chart at close to $330-$350 range. Time frame would be during this year and as long as beginning of 2023 for completion of...

Elliot618

Keeping it as simple as possible, I see a wave 1-2 complete since inception and a very extended wave 3. Would like to see a deeper pullback on Wave 4 or sideways correction that kills a lot more time prior to moving up towards wave 5. Cheers

Elliot618

The bounce up from pandemic bottom Is corrective, we have a failed wave down after the large ABC thus making it a wave X. Now we are completing the 2nd ABC or WXY pattern into Fib retracements. Balloons dont follow rules and can fly high, but when they pop it is by all accounts... biblical. Cheers

Elliot618

Applying simple Elliot wave analysis, I see an ABC pattern with a failed 5 wave move up marked as X wave, the first ABC is then labeled as W and projected 1:1 ratio from top of (X) brings us down to the box area, where TLT is most likely to find support (1:1 & 1.236 Fib ratio). I see the price dropping without retest of major resistances that it broke through,...

Elliot618

Elliot wave analysis of current BTC move shows 5 waves up which is currently correcting. Expecting an ABC down or something more complex like WXY before continuation up for the next leg. Not a financial advice

Elliot618

Looking at past market corrections, 2020 is a new beast. There is absolutely nothing in history that had us crash this fast and this hard. This leads me to believe that a bounce up should be higher. In my last TESLA update i did post this as secondary count. I feel the SP500 index needs to go higher prior to retest of the lows, just looking at certain...

Elliot618

The retracement down for the original ABC i posted was a bit too deep, had to go back and re adjust the Elliot Count. Since originally i had the bottom at $560+ going below that and below .618 brings me to my bear count. Overall market is in a bear market phase now as well. So I will now be expecting a lower low on Tesla, current impulse up is on falling volume...

Elliot618

Updated count of TSLA. Tesla's correction should have been complete at the $650 range and .382 fib retracement but market panic elongated the correction. So we have a failed impulse wave 1, which per elliot now becomes a wave X After an X wave we are looking for an impulse Y wave down consisting of 5 sub waves. Judging by the 30 min chart we seem to have...

Elliot618

My previous analysis was spot on. Now that everyone is bearish on TSLA Guess what she will do? NOT A FINANCIAL ADVICE

Elliot618

Not a financial advice

Elliot618

Not a financial advice.