Wave IV went lower than expected, but the count is still possible. As noted on the chart, there are a couple of reasons for wave IV support at this level.
Keep in mind that on the larger timeframe, price is at the end of a final wave 5, so the eventual direction of the price is down. A break of the wave I high invalidates the possibility of a wave V.
Interesting day for Tesla today !
Good luck !
Keep in mind that on the larger timeframe, price is at the end of a final wave 5, so the eventual direction of the price is down. A break of the wave I high invalidates the possibility of a wave V.
Interesting day for Tesla today !
Good luck !
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