Linear vs. Log chart
Yesterday I sent out a TSLA chart set on Log. As you can see from today’s Linear chart that the daily cloud comes in @ 159.73.
Fib Retracements done on a linear chart show two big swing matches at the bottom of the cloud.
50% of 2023 and the .618 of life of TSLA.
I would not recommend using fib retracements on a log chart.
Log charts are best used for Fib extensions looking for multi-decade swing counts
Gold has started its Friday takedown, something we spoke about yesterday.
GoldinYen, Spoo/Bond are both into inflection levels.
FX; Long Euro short the commodity currencies.
Be very patient.