Tesla: Musk always throwing curves
I read in an article that Musk is suspending most operations at the Giga Berlin factory due to the conflict in the Red Sea. Will this affect the count? It's very possible. When you're dealing with the indices, these types of things don't matter near as much because you're exposed to multiple different companies. In this case however, we're exposed to just one. Musk, who is a VERY eccentric multi-billionaire is at the helm too. He is literally the richest man in the entire world. This type of power often times changes even the best of people. Not saying it has or will him, but it is a very real possibility one must not forget. The question I have been asking myself a lot lately, is the choppiness we have been seeing since Oct 31 due to people's sub-conscience changing? Are they starting to change their investment strategy and divesting from Tesla due to all the erratic and unpredictable behavior we have seen from Musk? That is a question I don't think will be answered for a while. In the meantime we have to try and count this garbage action and decide what to do with it ourselves.
The way I see this chart in front of me, we are currently in a corrective move downwards. That much is obvious. I then move to, where are we at in this corrective structure that began on 28 Dec? That leaves me with two options. We are either in wave c or finishing wave a. I am honestly starting to lean towards the turquoise count suggesting we are about to raise for our b wave. The white count b wave is just so dang shallow. Not impossible but I'm not in love with it. Right now, we're on pos. div. suggesting we will move higher soon which would pair well with this all being the a wave. Should the turquoise count come to fruition then I would expect us to move to around the 0.236 blue fib @ $246.22. If the white count is correct, then we will continue down into the $210 area or even lower. Should we continue down for the white count I don't want MACD to cross below that red line under any circumstances. If it does, then it starts to make the orange count much more likely. Hopefully tomorrow will answer some of our questions.
TSLA: Tesla Update: Musk always throwing curves
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