Overview: in the update of previous weekend, I saw TSLA in wave (V) of c of 1, expected the completion of wave 1 around middle of February.
Update: the proposed structure was followed perfectly and I think we peaked for wave 1 this week. What follows is wave 2 to retrace some part of wave 1 and most probably fill the gap of 26th Jan 2023.
It is a bit early to propose a structure for wave 2, but based on the sub waves developed so far, and my target for wave 2 bottom (according to the Fib retracement of wave 1 and its volume profile), I think wave 2 will develop as a double zigzag. At this point, we should move to the upside in a corrective manner to form wave (b) of w of 2.
Update: the proposed structure was followed perfectly and I think we peaked for wave 1 this week. What follows is wave 2 to retrace some part of wave 1 and most probably fill the gap of 26th Jan 2023.
It is a bit early to propose a structure for wave 2, but based on the sub waves developed so far, and my target for wave 2 bottom (according to the Fib retracement of wave 1 and its volume profile), I think wave 2 will develop as a double zigzag. At this point, we should move to the upside in a corrective manner to form wave (b) of w of 2.
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