Is TSLA a canary in the coal mine for 2023?
Will TSLA sink to the price of Ford? - Updated version.
Introduction
A few days ago I tweeted below text book example chart of TSLA showing a mirror image fold back from the crest November 2021. I have added an extra annotated chart for our premium readers in below update.
The fold back and planetary angles suggest the cycle downwards will not end before the end of 2023. Often the height of the move is close to the time of decline. With a price of $414.5 on top I could see a square out after TSLA moved the similar number of degrees in Mars (GEO) downwards. No guarantee it will. Ups and downs may occur along the way. At some point in time Foldback’s will cease to function. Do not try to catch a falling knife. Give it time to consolidate first. No advice.
Will TSLA be the canary in the coal mine for the stock market in 2023?
argues in her forecast on Wall Street Astrology in her article that Elon Musk and the New York Stock Exchange may have something in common. Jessica Adams is an astrologer I respect. You can read this interesting article here.Below chart has been updated for premium subscribers only.
Disclosure: No positions TSLA at the time of writing.
Disclaimer: Hypothetical or simulated performance based on past cycles have many limitations. Cycles can contract, extend and invert. Hence, past performance is no guarantee for the future. No advice. Read our full disclaimer.