TSuth

TSuth

Tesla is behaving according to the count I have set so far. I expect us to drop lower to at least tag $239 but it isn't required. Structurally we can have a retrace next for iv. After iv will be our last drop, for now at least. As I said in my last post, this could all be part of a main ABC retrace that will take a lot longer to complete. I am hoping this move...

TSuth

Was just wanting to update on Fisker for those that are so interested. We appeared to have finished our wave (2), but it's not confirmed yet. It could still make another move down and touch the 0.236 fib line @ $5.36. The 1.0 of our last A-B is $5.26 so it would not surprise me if we dropped down there again. As of now though, price may be starting an impulsive...

TSuth Updated 

I backed out this chart and made it a 4HR time frame to show you all a couple things. These are very important clues that shouldn't be overlooked. The first thing is how short this move down from $299 has been and how little retrace there was for our (B) wave. Don't get me wrong, no rules have been broken and this could very well be all there is for (2). That is...

TSuth Updated 

I zoomed us out for this post to get a better/more obvious picture of where we are going. If my count is correct, we should move higher to finish out this wave 2 next. I have a target box marked showing where I anticipate this move to end. This move shouldn't take very long and be done by tomorrow. I would not be surprised if we don't raise all the way to my box....

TSuth Updated 

I won't spend to much time on this today as I have been talking about this type of retrace for awhile now. We have had our A-B and have begun our C wave lower today. This type of decline is known for this kind of strength. Yes there are a ton of things going on in the geo-political world that one can attribute to this decline. I would NOT be among those critical...

TSuth

Night before last we tagged the 1.0 in the overnights. This is a very normal end point for C waves. After we hit the 1.0, we began to retrace higher. So far that pattern appears to be corrective, however I've been fooled before. Today/Monday will be very important in determining if we move up for a last wave 5 or we tank due to being in a C wave. As you can see...

TSuth

This will be at the forefront of my mind when it comes to the NASDAQ. You will notice there are 2 arrows on my chart. One labeled Bear count, the other Bull Count. These are just stating I have 2 diff counts going on this chart as I am attempting to track a bullish and bearish scenario. For this decline, I will mainly track as a bullish correction until we breach...

TSuth Updated 

I wanted to throw everyone a bone tonight and let you know about another very potentially lucrative trading opportunity. I will not go into it very much as I believe the chart basically says it all. The box I have highlighted is the MINIMUM I am expecting this security to reach. If this thing acts at all like Rivian did, then the price is going to soar. Don't feel...

TSuth

I decided to check back in on Rivian today and see what progress we had made to form a top. It appears to me it is ending in a diagonal. If this line of thinking is correct, then I would expect the end of wave ((5)) to hit somewhere between $28-$30 or so. After this it would have a very steep decline that usually ends where it began...@ $23. If you don't have a...

TSuth Updated 

I wanted to zoom out the chart tonight to give everyone a bigger picture look for better clarification. We spend so much of our time down in the nidi gritty trying to figure out the micro's, we sometimes neglect the macros. In the main chart above, I have made an entirely new chart with a bull scenario in mind. It suggests we are now coming to the end of this...

TSuth

Tesla has been pretty indecisive for the past couple trading days. It just doesn't seem to know what it wants to do. This post will be very short due to that very reason...there's nothing new to report. MACD has completely leveled out on the hourly and price went sideways. From the high of $274 Tesla had a corrective move down to $255. It then proceeded to have a...

TSuth Updated 

As you see I have updated my current target box for this C wave to end. THIS IS ASSUMING WAVE B IS OVER. If B wave is not done yet, I think it will hit my original target in the $280's and is represented by my turquoise B. Don't forget, if this count is correct and we start to drop from here, we could technically drop all the way to $151.73 without this count...

TSuth

After talking with my mentor, I realized my labeling wasn't 100% accurate. Right now, we have our first 5-wave structure down which should be labeled i. The a wave label @ $15483, should be turquoise because it is my ALT. I changed that color and added a black i to reflect this. We then had an ABC up to $15904. This could be considered wave ii (in black), or it...

TSuth

In my last update, I mentioned "If we breach $14853 then I will call that confirmation of a top. We have a good start by breaching the Wave iv of a smaller degree, but we really need to breach the Wave iv on the intermediate degree." This will be the main focal point to verify we're headed for a new bear cycle or at minimum a giant retrace. We hit my target boxes...

TSuth Updated 

Normally, fed day brings along with it, volatility. Today however, that didn't seem to happen. Most charts I track stayed pretty steady all things considered. As of now this has been a somewhat standard retracement. If it continues along its current path, then I would expect it to hit towards the top of my target box. Due to how long a wave lasted, this b wave...

TSuth Updated 

Not much to say/add today, I expected Tesla to take off today in its c of B wave higher, but it didn't materialize. As of now we are still on track to hit our target for this B wave (technically we already hit it during a of B). Also, this is still on track to be a standard ABC retrace. If it is to remain that way, we need to finish this move up in the $280's. I...

TSuth Updated 

Tesla rose over $16 today for what was an expected retrace. The problem with timing B waves is they can be unpredictable, which is why I tend to stay away from them. But if you manage to enter at the right place, they can be a lucrative quick trade. This structure that barely touched my box technically has 3-waves so it can be considered done, or this move up...

TSuth Updated 

Last week I alluded to the fact that this could have been wave 5 of (1). At the time, it didn't seem likely because we already had a retrace into the 0.618. Also, MACD seemed as if it was taking off and poised to make a new high for wave (3). It then started to sputter out on the 1H chart. We made it up to my 1.786 line @ $299 and passed it by 0.29 cents @...