The Long Investor
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$TSLA TOP 20
🕑 Added 2025-02-12 12:07:00 +0000 UTCThe 0.38 Fib did not hold, so the next test is the 0.5 Fib at $315
However, even if the price drops down to the .0.618 Fib at $274, this will not infringe upon the top of Wave 1 at $270, so the impulse wave would not be invalidated
ALSO, the 0.618 Fib level aligns with the ascending triangle top line too at $274, this is the level where the price action broke out of when Trump won the election and the price ran from $274 to $488
So the market does like giving you a second chance.....now it's up to you whether or not you take advantage of it....long term the chart is clear to me.
Comments
Chris H
@vol is this still valid? Then our current ABC correction would be the end of the small wave 2, and it could be finishing soon if support is confirmed?
Gareth Neary
That's the way
Samuel Filipczak
Strong conviction on this, I would love to add in the 200s!
