TSLA Weekly Harmonic Elliott Wave and Hurst's Cyclic Analysis
Overview:
let's review the key points of the previous update (October 6th):
Update:
Expectation:
Reality:
Perfect match! The peak was 268.94 vs. our target of 268.5!
Analysis of the Structure:
We are in wave (3) of A of III of (a) of y of 2. Based on the fib extensions, I have 207.58 or 197.10 (higher probability) as my potential targets for wave III bottom.
Analysis of the Cycles:
We will get the first 20D cycle trough of the second 40D cycle of the current 80D cycle on Monday (October 16th). The cross of the 20D FLD has generated a target of 244 for this trough (the underlying trend of this cycle is flat, so the target should be exactly met).
A very important thing that happened this week was the rejection of price that we got on Tuesday by the 80D FLD, which points to the bearishness on TSLA. We may also get a cross of the 40D VTL in the coming week that will confirm that the peak of the current 80D cycle is already in, as we are expecting.
Note that this upcoming 40D cycle trough is also the 80D cycle trough due to the principle of synchronicity.
The 40D cycle trough is expected from October 31st to November 6th (wave III bottom). The 40D cycle FLD which will be crossed next week can generate a target of 228 for that trough.
The 80D cycle FLD has been crossed twice to the downside, which will give a range of target: 207-233.
Overall, I depend on the fib target of 197.10 happening October 31st to November 6th.
let's review the key points of the previous update (October 6th):
- Wave II as a triple zigzag.
- Will complete wave (A) of Z of II on Monday.
- 264.2 or 268.5 (higher probability) as potential targets for the peak.
- The start of a bearish phase as wave III to 200.
- First 10D cycle of the current 40D cycle complete.
- 40D FLD cross on Monday, a target of 280: I expect this FLD target to fail to be met.
- 20D trough is expected 14th to 16th of October.
- 80D trough is due in the range of October 25th to November 6th.
Update:
Expectation:
Perfect match! The peak was 268.94 vs. our target of 268.5!
Analysis of the Structure:
We are in wave (3) of A of III of (a) of y of 2. Based on the fib extensions, I have 207.58 or 197.10 (higher probability) as my potential targets for wave III bottom.
Analysis of the Cycles:
We will get the first 20D cycle trough of the second 40D cycle of the current 80D cycle on Monday (October 16th). The cross of the 20D FLD has generated a target of 244 for this trough (the underlying trend of this cycle is flat, so the target should be exactly met).
A very important thing that happened this week was the rejection of price that we got on Tuesday by the 80D FLD, which points to the bearishness on TSLA. We may also get a cross of the 40D VTL in the coming week that will confirm that the peak of the current 80D cycle is already in, as we are expecting.
Note that this upcoming 40D cycle trough is also the 80D cycle trough due to the principle of synchronicity.
The 40D cycle trough is expected from October 31st to November 6th (wave III bottom). The 40D cycle FLD which will be crossed next week can generate a target of 228 for that trough.
The 80D cycle FLD has been crossed twice to the downside, which will give a range of target: 207-233.
Overall, I depend on the fib target of 197.10 happening October 31st to November 6th.
