Teslaשורט
c of b of B is buy zone for scalp
Hopefully anyone who followed me with this trade has/had a stop limit set. Yes mine was triggered lower then the high, however, i NEVER want to be the greediest person in the trade. Following my rules I have set in place, I was able to capture 6.6% profit in 2 days. At this time I am now flat of any Tesla.
If my count is correct then we should drop lower tomorrow, hopefully within the 0.5-0.786 fib retracement lines. The 1.0 fib extension of our a-b move is $173.12. I expect us to at least hit that but it is not mandatory. When we get into the zone of my box, depending on the structure that has been made, I may buy for our final c wave of wave B to the $190 area.
Once we have a b of B wave bottom I can give more precise targets. But until then all I can do is speculate on what price will do.
STRUCTURE is the most important thing in a count!! It dictates everything...not fib lines. The lines guide us...but the structure tells us where to place said lines and drops hints on where price is going/what it's about to do.
Bonam Fortunam,
--Tyler
If my count is correct then we should drop lower tomorrow, hopefully within the 0.5-0.786 fib retracement lines. The 1.0 fib extension of our a-b move is $173.12. I expect us to at least hit that but it is not mandatory. When we get into the zone of my box, depending on the structure that has been made, I may buy for our final c wave of wave B to the $190 area.
Once we have a b of B wave bottom I can give more precise targets. But until then all I can do is speculate on what price will do.
STRUCTURE is the most important thing in a count!! It dictates everything...not fib lines. The lines guide us...but the structure tells us where to place said lines and drops hints on where price is going/what it's about to do.
Bonam Fortunam,
--Tyler
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Bonam Fortunam,
--Tyler
Bonam Fortunam,
--Tyler
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