A.M. Look 4/21/23

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.

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