SBUX, TSLA update March 2

SBUX: Also here price has reached the ideal target zone for a major b wave (50-62% retrace of major a). First signs of a reversal today, but we would like to see price drop below $56 TO confirm. That’s only $3 below current levels, so shouldn’t take too much 😉



TSLA: Has reached the 38.2% retrace of major a; a minimum requirement for a b-wave. Now, it could also be only intermediate a of major b, with intermediate b underway (down), to be followed by intermediate c to the $220 +/- $10 area. We don’t know that difference just yet, but price did run into the S/R zone; which gives also credence to the fact that all of major b may be over.