Tesla Update: iv or v

Tesla is in a very precarious position. We could either jump up tomorrow and hit a minimal high to finish out our wave iv, or we will fall a little more to finish out wave v in an ending diagonal. I don't favor the ED though because of the way this would be wave 5 of v is shaping up to be. It shouldn't have more than 3 waves ideally. This price action still says corrective pattern to me.

Other than that, I don't have much to add. These are the only two counts I see as viable at this moment, and I am still leaning to us being in wave iv. I still have the three calls I bought today so hopefully we are still in iv lol. If not, then v should be ending soon, and I will sell on the wave (4) retrace. I have a feeling we will get clarity either way tomorrow as we didn't quite get it today.

Another thing to keep in mind is we made that last low on pos div. on every time frame up to the 1hr chart. Is that a hint price has intention of moving higher next? Food for thought.

Bonam Fortunam,
--Tyler