Danny Le

$TSLA My thinking is: It has a date with 327 after this bull run is over. Therefore MMs will want to trap more bulls for the trip down to feel "real". 400 isn't gonna cut it. Maybe 450. It can't be so strong, though, that it becomes an extended 5th wave. Reason? After an extended 5th wave, the drop will be aggressive, which leaves very little room for "catalysts" to play out like RT pilot or model Q. It will become an extended 5th wave if it reaches 490+. So not that high. 450-460. Just high enough to trap bulls and make it painful on the way down, but not high enough to crash it.

it could also be doing an expanded flat like this

it may just be following #2, but instead of a deep retracement, it did a shallow one. The 4th wave -248 rule applies more rigorously to impulses. When it comes to zigzags like this, it can bypass it. but sooner or later, the chicken will come home to roost.

@baggholding yes

@dannyle1022 But you expected it still go down to $248 if it bounce here?🙏

if you followed this trade, thats now a $12 gain. whether you keep holding here is up 2 you. im holding. theres a slight chance its going to start a small wave C up to low 300s here instead of going to 248, but I dont mind.

@yeungones no. 248, then we see. 210 possible, but also possible we go up over 300 after 248.

@dannyle1022 You had mentioned previously that your focus is on working out the next move down after it tops out. Any further work or insights on where we move down to? I recall you had mentioned 210s and lower but not sure if that still remains on your cards? cheers...

normally, sideway is good. most often seen during a 4th wave. see green. it was a 4th wave and it was bullish. I was adamant about 290 because there was a 1st wave. see yellow now, the red oval looks similar to the green one, but it is not bullish, because theres no 1st wave to support it. its top heavy. will roll over. $TSLA

I dont believe in news. I believe in people behavior changes at certain prices. for example: when I said it would go to 180 from 270 in July, some people said it was a coincidence that the 8/8 delay news came out right at the top. I propose a different way of looking at it: what if the news had been known to a group of people who decided to sit on it till they felt its time to sell?

@BenBakulaw no this is the right count

@dannyle1022 So the 5th in yoy chart is actually the 3rd?

read this first pdfdrive.com/elliott-wave-p… keys: 1. how to distinguish between a trend and a consolidation (gaps, "the right look", retracement depth) 2. how to tell when a trend is fizzling out (wave personality, what do 5ths look like?) 3. if its correcting, what are the candidates for pattern? (smaller structure, wave personality, retracement depth) for example. this is an extended 5th wave impulse. i know its an extended 5th because: 1. the gap in the 3rd is much bigger than the one in the 5th 2. from the top is fallen out of the upward channel so its not a 4th that is underway target of this is minimum bottom of the 4th at 248. much lower if this impulse is a C of a flat instead of half the 3rd of a diagonal up. so I sell at 286, minimum I pocket $40.

one thing about my chart that is different from many others, although not unique, is that I looked at what it did over a good timeframe to predict what its gonna do next. I dont do simple things like if it breaks this then it goes up if not it goes down. So when I say 248, I expect it to go to 248 regardless of what it does in between. You can say that, by calling for 248, I have predicted in advance that all upward movements in between are dead cats, which means I dont think in term of "if this bounce is too strong Ill be wrong" but instead "this bounce will not be strong at all" Everything fits together like a puzzle. at the beginning I pick up a piece that might look like it could fit in 4 different places, hence the scenarios. but as time goes by they start getting eliminated 1 by 1

@dannyle1022 @baggholding Should go down to 248 and see if it goes up afterwards. If it breaks down, see 210.

@baggholding thats skipping a few steps in between there.

@dannyle1022 Base on your chart it could even go to$370 and then testing the sub $200 level

Technically, the 2nd scenario is still alive. If it is an ending diagonal, the only change that occurred was it'd be an expanding diagonal. Regardless, I still see 10% downside from here before it can go up again. $TSLA

@misssanity at least 248

@dannyle1022 Where do you think it’s going next? $210?

thats the "lil more" wasnt sure if it would happen in RTH or ETH so I sold a bit early since its option.

@rroonxx already did at 286

@gabri48614 in 6-8 weeks

@dannyle1022 What's ur timeline for it to drop to $210? Thanks. Appreciate what you do.

It can go 300+, dont get me wrong. im now focusing on what will happen after it tops out, ie 210-175. Im not calling the top here. its high enough for me to take the risk and thats all.

@Jamie_Mc_Keown yes. will close these calls at 210 and resell them later this year. thats my way of selling without incurring tax, at least not right now.

@dannyle1022 Do you still own the stock as well?

Sold January 2027 200 calls. NFA. $TSLA

@gabri48614 @mickificki7 i thought 2 weeks, not 1

@dannyle1022 @mickificki7 Did you expect it to shoot up so quickly?