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TESLA Parabolic (OT)


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#1 senorBS

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Posted 04 November 2021 - 11:46 AM

Had to comment as I was looking at weekly and monthly chart. IMO now appears in 5th wave of a classic parabolic blowoff with the wave 3 top just above 700 in early 2021. As always how crazy high a 5th wave of a parabolic goes is pretty much impossible to forecast, but we do appear in the 8th or 9th inning

 

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#2 dougie

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Posted 04 November 2021 - 08:51 PM

Had to comment as I was looking at weekly and monthly chart. IMO now appears in 5th wave of a classic parabolic blowoff with the wave 3 top just above 700 in early 2021. As always how crazy high a 5th wave of a parabolic goes is pretty much impossible to forecast, but we do appear in the 8th or 9th inning

 

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You long this Senor?



#3 dougie

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Posted 04 November 2021 - 09:02 PM

and do you think we are in 3 of 5 of 5 here?



#4 senorBS

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Posted 05 November 2021 - 09:38 AM

 

Had to comment as I was looking at weekly and monthly chart. IMO now appears in 5th wave of a classic parabolic blowoff with the wave 3 top just above 700 in early 2021. As always how crazy high a 5th wave of a parabolic goes is pretty much impossible to forecast, but we do appear in the 8th or 9th inning

 

Senor

You long this Senor?

 

Not long or short and will not touch, just a great exercise/example IMO in charting/watching a classic parabolic pattern unfold

 

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#5 senorBS

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Posted 05 November 2021 - 09:41 AM

and do you think we are in 3 of 5 of 5 here?

probably depends if the wave 4 from the early 2021 high was a contracting tri or not I am 50/50 on that

 

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#6 dougie

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Posted 05 November 2021 - 02:32 PM

NVDA too?



#7 senorBS

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Posted 05 November 2021 - 06:25 PM

NVDA too?

has the same look to me

 

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#8 senorBS

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Posted 07 November 2021 - 06:32 PM

Be interesting to see how Musk's "twitter stunt/poll" (results said sell the 10%) about selling 10% of his stock (so he's taxed) affects prices this week. He is a sharp dude  as he said he would follow this poll (ended today) and it MO gives him a lot of "cover" for doing some cashing out - nice timing given the recent huge run.



#9 senorBS

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Posted 09 November 2021 - 10:32 AM

LOL, so far the likely parabolic has topped the day of my post, was that it or is there another attempt at new highs?swoon.gif

 

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#10 senorBS

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Posted 09 November 2021 - 11:41 AM

looks like a test/fill of the big gap at 911-944 may be in the cards, that would also be a "test" of the highs made in wave 3 in early 2021, "IF" a parabolic top is done then that would be my initial downside target area, we see

 

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