$TSLA about to burst into upward 3 [Free Intraday Trade Setup]

Nov17tsla

This is a trade setup, intraday and FREE for TSLA (Tesla) on the 30 day 1 min chart.  Potential move is as much as 16 points on the trigger point which is essentially now.

Best case scenario: It literally just broke 1.00…first wave was 206 to 216, or ten points, W2 was intraday drop to 211 and change, and Wave 3 is about to start as it just broke 1.00 minutes ago.  Highest target on a 1.618 golden ratio move would be as high as 226-228 on a Wave 3.  Good time to buy would be now.

Worst case: Failure at 216 and a drop below 212 setting up W2 test at 210.  Don’t jinx it!

Trade setup:  Would buy right at 216 with a stop at 213..risk is 3 points but reward is as much as 16 points to the upside from here..based on the bottom formation we got this week in NASDAQ, TSLA should fly here.  Almost a no brainer Wave 3 1.618 golden ratio trade setup that works 80% of the time.  The name is MUSK. ELON MUSK.

 

About the author

CEO Ted Aguhob, Master Elliottician and Technical Analyst, Day And Swing Trader, Website Designer And Marketer, Artist, Producer and Musician has provided content to gemxwave.com, wavegenius.com and masterofcharts.com for over 14 years. The biggest breakthrough as a blogger came in 2013 when Wavegenius.com produced a net profit of over $177,000 and became one of the highest earning blogs in the entire country. Many of his biggest and most amazing calls appeared on major financial websites like Thestreet.com, Yahoo Finance and MSN Money, was a radio personality on Washington DC Radio, and has a following in the tens of thousands for many years. Ted is known for his charisma, vision, creativity and better yet.."genius."

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