As outlined the two main dates to watch are the 7th and 16th June so a safe strategy would be to wait for the 7th June to roll around and as we move into this date the market should demonstrate if it is setting up for Top or Bottom into this date . The 31st May is only a minor Cycle but it will be an important signpost to watch and hopefully give us an indication of market direction. I have provided a chart below that goes into more detail .
Brief outline for Tesla - will update tomorrow in more detail - there are two Curves presented. Curve No 1 projects Low into the the 31st May then a seven days up till the 7th June where counter trend Top is indicated then down into the 16th June for Main Low . Curve No 2 projects low into the 7th June then up till the 16th June for Top . Wait for the 31st May to draw closer and then we will be in a position to determine which Curve the market is running against - if we continue to move lower into this date we will calculate some price targets and refine the analysis further
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