Smaller term cycle is up until March 15th and for now the medium and long term cycles support the move. The super cycle is up for many years ahead, however medium to long term cycles are likely to top on March 15th and will be down until July 2021 (medium term) and August 2022 (longer term). Since there is conjunction of important cycles topping I expect one last push to the upside before the bear market begins. The $1080 target is calculated by adding 1400% to the March low, which was at $72 per share.
Why 1400%?
7 is an important figure in predicting American stock prices: There are cycles that count 7 units (days, weeks, months, years, decades, centuries), moves will often find nominal support/resistance right around the multiples of 7 (14, 70, 700, 1400 etc.) and moves will often run a percentage that will be a multiple of 7 (1400% as in our case). I hope this makes sense and if doesn't feel free to ask me in the comments.
I personally will wait until cycles top and take a positional trade shorting this, because all cycles (except the super cycle) will be on my side, but if you are willing to take more risk you could take a small long and if tesla closes below 780 daily - I would get out, because cycles are turning down and risk is increasing.
Why 1400%?
7 is an important figure in predicting American stock prices: There are cycles that count 7 units (days, weeks, months, years, decades, centuries), moves will often find nominal support/resistance right around the multiples of 7 (14, 70, 700, 1400 etc.) and moves will often run a percentage that will be a multiple of 7 (1400% as in our case). I hope this makes sense and if doesn't feel free to ask me in the comments.
I personally will wait until cycles top and take a positional trade shorting this, because all cycles (except the super cycle) will be on my side, but if you are willing to take more risk you could take a small long and if tesla closes below 780 daily - I would get out, because cycles are turning down and risk is increasing.