ABC retrace?
With all the chopiness in the Tesla chart it's making me feel more and more that we are coming to an end with this move higher and will more then likely resume the downward trend.
If I'm right we have a 1-2 already formed so the next move down could be a strong one. Of course I could be completely wrong and we could always move higher...I am of the thought that we need another new low/one more 3-5 structure down at this time though.
As always trade at your own risk. Use stop limits so you don't have to worry as much about the market dropping and lock your profits in. Looking forward to another low being formed for another good entry!!
Bonam Fortunam,
--Tyler
If I'm right we have a 1-2 already formed so the next move down could be a strong one. Of course I could be completely wrong and we could always move higher...I am of the thought that we need another new low/one more 3-5 structure down at this time though.
As always trade at your own risk. Use stop limits so you don't have to worry as much about the market dropping and lock your profits in. Looking forward to another low being formed for another good entry!!
Bonam Fortunam,
--Tyler
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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