Tesla Update: Bulls vs. Bears for NASDAQ:TSLA by TSuth

This is to remain an ALT until the primary AND 1st ALT have been invalidated. I have put enough counts to charts by now to trust in my first gut instinct. It’s not always right but has served me well thus far. I am not in the habit of fixing things that aren’t broke either. I could always be one degree off, and this could be the end of iii. If that is the case, then I want to see MACD take off with strength. It has a LONG way to go to prove the count correct.

As I have mentioned many times before, the risk/reward is not high enough for me to risk capital. Sure, I fully believe Tesla is destined to go over $300 easily. The question I have though, how long will it take? IDK about y’all but I don’t have hundreds of thousands of dollars just sitting around doing nothing. Also, I don’t want to spend $26K for 100 shares if I could get the same amount for much cheaper with patience. I am a swing trader, not a long-term trader nor a day trader. Most of my trades last for a month or less. So, buying shares now to sell in a year or two doesn’t fit my profile and day trading is waaayyyyy to much work/stress for breadcrumbs along with a TON of risk. When Tesla makes up its mind, I’ll join the game. Until then I am staying out and letting others fight over the direction of price. Sure, I could miss out on some potentially good profits, but I will also miss out on some possible giant losses. As my mentor always says, and I’m paraphrasing, “there is always another trading opportunity out there somewhere”. I would like to add to that by saying “there is always another trading opportunity out there somewhere, for those who are patient enough“.

ANNOUNCMENT:

I have been talking for a while now about possibly starting a paid subscription service to teach EWT and provide my in-depth analysis. Well, that time may be rapidly approaching. I am in talks right now with my mentor, who already has an AMAZING site/community up and running, about coming on as a contributing analyst. We still have a few minor things to talk and work out but those are minimal. If all goes as planned, I hope to be up and running on the site before the end of the first quarter 2024. The site already does and will continue to offer a 7-day free trial to get exposure and ensure it is something you really want. When/if it works out, and I become a contributing analyst, my posts on Trading view will be severely limited. As in one post/week or so on a random ticker from my coverage list. The coverage list as of now will consist of TSLA, RIVN, AAPL, META, GOLD(GC), and SILVER(SI). I am open to suggestions, and now is the time to make them. If you think a different stock or even and additional stock would improve the list let me know. I WON’T post on any under traded stocks or unpopular tickers. In order for EWT to work you have to have a “large” group trading the symbol. Always remember, EWT tracks the conscious and unconscious psyche of human behavior in relation to trading the stock market. I will be teaching with more in-depth info I haven’t and won’t reveal on here. I won’t necessarily post on every single symbol every day but will keep people updated as needed and respond to any and all requests for updates. Soon I hope to have a link you can go to and enter your email for notifications. I am not allowed to advertise on here so that will be the only way I can alert you to information/go live date. As always please reach out to me with questions. Good luck everyone!!

Bonam Fortunam,

–Tyler