TSuth

TSuth

Still waiting for price to continue lower towards the target box. As I have said many times before, C waves can either be 3 or 5-wave moves. This appears as if it will be a 3-wave move based on the structure it has carved out thus far. I am of a mindset that we should move into the box within the next month or two. Gold in general just moves very slow the majority...

TSuth

I want to start by saying the lower box, at this time, is an estimate. This is assuming that price comes into the 0.786 and reverses. Should price breach that area but still have intentions of dropping in a c wave, the target will be slightly higher. Should price not hit the 0.786 and reverse lower, the target will be slightly lower. The differences between these...

TSuth

If y'all remember, I was originally counting the raise off the $101 bottom as the primary wave ((5)) of cycle wave I. Due to the price action we carved out from the April 24' low, I changed that to the cycle wave I as already completed. All I have been seeing / able to count from that low are 3-wave moves. This hardly seems like an impulsive pattern to me. Also,...

TSuth

As mentioned on the last couple posts, I am just waiting for Tesla to hit a top and begin a consolidation to the downside again. For this post, I thought I would zoom out to give a more holistic picture of where we're at, and where I believe we're headed. Looking at the chart there are a few things going on. At the top of the chart, you can see a time tool I have...

TSuth

I have been going over this chart for a while now. Looking at the most recent price action, and the MACD, I have decided to alter my count slightly. It doesn't change any targets, but I believe this more accurately reflects the structure. I moved the wave (iii) & (iv) higher suggesting that the wave (iii) extended slightly. I primarily did this due to the MACD...

TSuth

Price has been trading within a range for over a week now. This structure to me still appears to be corrective. This week I would like to see price move lower towards the target boxes below. Rather the structure sub-divides again (most likely) or heads straight there in a 5-wave c wave remains to be seen. Either way, at this time, we're just waiting on it to break...

TSuth

Last Friday, Tesla managed to make another slight high breaching the 0.854 slightly but has yet to breach the prior $362.80 high. This could be one of two things, and both of which we have already been tracking so none of this should come as a surprise. The first possibility is within the white count. This b wave would just be deep and has either already topped...

TSuth

Today was yet another day of chopping within this area. I will re-iterate, we're waiting on wave c of A to commence, or for price to make OMH. My primary analysis remains we have topped; however, we have no confirmation of that. As you can see by the labels on the chart, I am counting this move off of the 23 October bottom as an abc pattern. There is the...

TSuth

Price is still chopping around in my b wave target box, and thus far, the 0.786 is holding up. If the structure is to continue along the expected pathway, we should start to drop, ideally tomorrow, towards the c of A target box. That is not saying we get there tomorrow, just that I would like to see us begin our journey down. As the label suggests that should be...

TSuth

Coinbase has been rallying like crazy lately along with BTC. With the fact that BTC has raised over $80K this weekend, I think it is safe to say that COIN will open high and have another huge day. I would not be surprised in the slightest if it hits over $300 tomorrow. That being said, I want you to draw your attention to the pattern that this move higher has...

TSuth

Friday price saw a move higher just to fall back down. This is either the start of our b wave in a miniscule wave a, or it is wave 4 within the subminuette a wave. It is too early to tell yet, but we can look for clues to guide us in the near term. If we can manage to make another low, it should be minimal and would mean the turquoise count prevailed. Minus a new...

TSuth

Palantir made a new high on Friday which could mean a couple of things. According to the white count, the first is that the wave (iv) was really short and shallow. If the relationship between wave (ii) and (iv) is to be standard, then this is most likely NOT the case. Should the white count prevail, then we would ideally target the 1.0 @ $57.07 to conclude wave 3...

TSuth

The last post I made covering PLTR I showed the 4hr chart with my long-term projections. This chart I wanted to zoom in a little showing the more immediate pathway in front of us. Per my usual I have two different counts on the chart. These two counts, however, have the same end point. The difference is the pathway price will take to get there. The white count...

TSuth

I haven't been posting the micros lately because it is so easy to get lost in the weeds. I know I have some of you that prefer to break these counts down to learn though so I thought I would add the micro chart on this post. This is the 15min chart, and as you can see, price appears to be moving in a 3-wave pattern. Starting on 06 Sept price chopped higher in a...

TSuth

Last Friday price action pretty much went how I forecasted. I mentioned before the robotaxi event that inside investors were signaling price was about to head down. Of course, anything can happen with these things, but price action/structure dictated price head lower. The day after the event (market was closed during), price absolutely tanked and dropped almost...

TSuth

We still don't have confirmation on the white vs turquoise count. I am beginning to lean towards the turquoise, but the white has yet to be made invalid at this time. I don't have the fibs on, but we're right at the 0.5 retracement fib of the white wave 3. Should price continue higher, then I will revert to the turquoise count. In short, if we move lower from...

TSuth

It has been a long time since I have done a long-term Tesla update. I wanted to make sure y'all aren't losing sight of the forest for the trees though. There are quite a few points that I want to make though, so this will likely be a longer read than y'all are used to from me. First off, I want to explain the significance of all the different colors on the chart...

TSuth

Last Thursday Tesla finally raised to enter my target box. It hit the orange 1.0 I had drawn and started to consolidate lower. Rather it makes another high or two remains to be seen, but either way, we should be headed towards my next target box lower soon. Should price begin to raise again, it should ideally be contained by the 0.786 / 1.236 in the $252 area as...