TSLA correction nearly done? ABC retrace coming to key support
מעודכן
TSLA has been retracing faster than rest of market.
Musk selling has not helped along with competition.
Now a "perfectly acceptable" ABC is near completion.
$ 909.15 - 921.86 is the KEY support zone to watch.
$ 957.22 - 961.77 will be the first resistance to bounce.
$ 879.24 is a MAJOR (very high timeframe) Golden Fib.
.
I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
.
Musk selling has not helped along with competition.
Now a "perfectly acceptable" ABC is near completion.
$ 909.15 - 921.86 is the KEY support zone to watch.
$ 957.22 - 961.77 will be the first resistance to bounce.
$ 879.24 is a MAJOR (very high timeframe) Golden Fib.
.
I do not use "Fibs" in the "traditional" manner (retracements).
I use Fibs to plot "Ripples" (extensions) created by "Impulses".
Then look for "Confluences" to map the "interference Pattern".
My TV collection of ideas detailing the Concepts:
Chapter 1: Introduction and numerous Examples
Chapter 2: Detailed views and Wave Analysis
Chapter 3: The Dreaded 9.618: Murderer of Moves
Chapter 4: Impulse Redux: Return to Birth place
Chapter 5: Golden Growth: Parabolic Expansions
Chapter 6: Give me a ping Vasili: 'one' Ping only
.
הערה
Target HITHere we are:
.
Zoom IN (1 min) for a closer look at the expected support zone:
IF there is a bottom nearby,
THIS would be a perfect spot.
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הערה
We have a BOUNCE!AND first target 961.77
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