Quickpost BTMFD on TSLA

5 mar 2021

Glossed over:
Interest rates are pumping, debt is getting expensive, commodities are booming (silver and electronic vehicles, DYOR) and DXY is in a massive ascending triangle (get good at TA or stay poor).

Quickpost

• Potential elliot wave 1-5. Looking for an ABC correction to conclude within Wave 4. No idea if we get a triangle, running flat, some sort of W pattern, or something else.
  
• I expect the weekly Bollinger Band to be supportive on this trade. If I see price action out of the weekly BB I will be trailing down buystops or buying calls.
  
• A 1-5 and A-C correction set up a higher time frame 1-2 Elliot wave. Target is near the moon (not shown due to quickpost).
  

Conclusion
Not financial advice.

18 mar 2021

Nota

I continue to wait to buy this dip. The Bollinger bands and price action appear to continue to support my analysis and wave count. Midline of the daily BB continues to act as stiff resistance.

26 mar 2021

Nota

TSLA is now under both the weekly and MTF Vstop. It seems clear that we are going to see our C wave after doing an A and a B (not shown). Target is still the buy box. If we don't go below wave 4 that means we are primed for a massive uptrend rally as the stimulus and meme-stock phenomenon inflate this bubble even higher over the next 3 years or so.

22 apr 2021

Nota

Looks like a perfect bull trap. Target zone remains the same.

27 apr 2021

Nota

tradingview.com/x/XRnhgnxx/.
TSLA is about to have a daily MACD cross with the price action against wedge support. The break is almost here.

13 mag 2021

Nota

Current plan

8 lug 2021

Nota

Developed into an ascending triangle, buy box is the same.