TSLA is right on the mark so far with the wave count I have been tracking. Wave c has equaled wave a and more and is approaching the 1.618 extension at 245.
This pullback may be a lil quick in terms of time so will be looking out for a larger flat to develop over time. Of course, nothing is to stop it from retracing 50-62% either so we'll see.
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TSLA - 60 Min
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From the longer term daily perspective, clearly found resistance once again at the 287-290 mark with negative divergence.
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TSLA - Daily |
The SPX may have completed wave (iii) of 3 green or all of 3 green. The 20 day SMA is currently at 2315.
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SPX - Daily |