TSLA Weekly Harmonic Elliott Wave and Hurst’s Cyclic Analysis
Overview:
Let’s review the key points of the previous update (October 27th):
Update:
Same as the broad market, the bottoming happened a bit earlier than I thought.
Analysis of the Structure:
It’s a bit challenging for myself to believe that wave x will end this early, but for now based on the structure that I can see, I believe wave x is ending on Monday or Tuesday at 229.07 or 236.40.
Analysis of the Cycles:
We have started the second 80D cycle of the current 20W cycle. This 80D cycle has to be less bullish than the previous one since the 20W cycle is now pushing to the downside.
Some important dates to remember:
1. 20D cycle trough on 15th or 16th of November.
2. 40D cycle trough on 1-4th of December.
3. 20W cycle trough in the last week of December 2023.
Let’s review the key points of the previous update (October 27th):
- A week of bearishness to bottom around 180 as wave y of 2.
- Expecting 80D cycle trough on November 3rd.
- Next week is going to be aggressively bearish.
- Strong bullish bounce to follow.
Update:
Same as the broad market, the bottoming happened a bit earlier than I thought.
Analysis of the Structure:
It’s a bit challenging for myself to believe that wave x will end this early, but for now based on the structure that I can see, I believe wave x is ending on Monday or Tuesday at 229.07 or 236.40.
Analysis of the Cycles:
We have started the second 80D cycle of the current 20W cycle. This 80D cycle has to be less bullish than the previous one since the 20W cycle is now pushing to the downside.
Some important dates to remember:
1. 20D cycle trough on 15th or 16th of November.
2. 40D cycle trough on 1-4th of December.
3. 20W cycle trough in the last week of December 2023.
