Lucasaurus

Lucasaurus Jan 2, 2024

Examining Tesla's recent performance after the completion of the ABC corrective movement on January 23, reveals a fascinating market scenario. The stock seems to have embraced a 'leading diagonal' pattern, with the fifth and final wave still pending to complete the bullish structure. Adherence to typical parameters of this pattern, such as the extended First wave...

Lucasaurus Dec 29, 2023

The daily and weekly chart reveals an impulsive 5 waves movement, started in May 2022 and concluded exactly a year later, again in May. This annual cycle shows the first wave of a higher degree. The ongoing corrective movement in 3 waves (zig-zag ABC) might find its conclusion in the 0.61/0.78 Fibonacci area. This would mark the end of the second wave within our...

Lucasaurus Dec 27, 2023

The analysis of the RIVN stock suggests that starting from April of this year, the electric vehicle company initiated a bullish cycle, highlighted by the first 5-wave movement concluding in July, followed by the second wave reaching completion in November. Currently, there is a high probability that we are within the third wave, with various sub-cycles in...