TSLA - Perfect Elliot Wave & Fibs
Wave 2 is a 0.786 retracement of wave 1.
Wave 3 is a 2.618 extension of wave 1.
Wave 4 is a 0.382 retracement of wave 3.
Wave 5 is a 1.00 extension of wave 1+3. (slight overshoot)
Wave A appears complete as it is composed of a clear 12345 structure.
If B retraces 50% as noted, wave C will will have a 1 to 1 with A at the 0.618 retracement of the entire move.
Wave 3 is a 2.618 extension of wave 1.
Wave 4 is a 0.382 retracement of wave 3.
Wave 5 is a 1.00 extension of wave 1+3. (slight overshoot)
Wave A appears complete as it is composed of a clear 12345 structure.
If B retraces 50% as noted, wave C will will have a 1 to 1 with A at the 0.618 retracement of the entire move.
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