Hi Andrew, Chart A is my original worksheet. All others are alternatives. Indeed, now is the time to hold horse and wait for clarity by the markets: breakdowns can become VERY bearish, C, while a breakout is reasonably bullish.
That is not true. It was my ALTERNATE option. My PREFERRED option was and is and I quote from that article "(red wave-b) to ideally $625+/-25, from where the next move higher (red wave-c) should kick into ideally $825+/-25 for a typical wave-C=wave-A relationship. That targets around the 76.40% retrace of the last decline as well as into the horizontal resistance zone." My ALTERNATE option was based on "The weekly chart shows Tesla has already reached and exceeded the typical 38.20% retrace level of around $570. That suffices for a 4th wave of the (blue) primary degree. Thus, my EWP count on the daily chart could be wrong, and Tesla could already have completed the Primary-IV. A daily close above $850 will go a long way to confirm this thesis. It is, however, for now, not my preferred EWP count. If Tesla decides $537 was all of wave-IV anyway, then one has caught the right bus already and can ride it all the way higher to the low to mid-1000s." thus my PREFERRED path is playing out.
Hi Ali, thanks for purchasing my book. Much appreciated. I hope you like it. I actually did a webcast for my members on "trading psychology" yesterday, it may be worthwhile for you as well.
Thank you. Let's see how long I can keep up this winning streak before the market punches me out ;-) A shallow pullback to 32-42 preferred. Not enough data to know exactly how low.
Yes, btc trades 24/7 but days, weeks, months, years etc all have a start and an ending, and those define the daily, weekly, monthly etc candles in tye charts and thus the daily, weekly, etc highs and lows. Those are important.