TSLA Weekly Harmonic Elliott Wave and Hurst’s Cyclic Analysis
Review:
Let’s review the previous update we had on TSLA (November 5th):
Update:
Same reasoning as SPX and NDQ, I am doing some changes to both my count and cycles.
Analysis of the Structure:
I think wave 2 has already ended as a double zigzag (we were expecting a third zigzag to happen, so we are not really changing the count).
Right now, we are in wave (II) of a of 3.
513.59 is my target for wave 3 peak happening mid 2024.
Analysis of the Cycles:
The trough of October 31st was a 40W cycle trough and we are in the second 40W cycle of the current 80W cycle.
Let’s review the previous update we had on TSLA (November 5th):
- Challenging to believe wave x ending this early.
- Wave x ending on Monday or Tuesday at 229.07 or 236.40.
- Started the second 80D cycle of the current 20W cycle.
- 20D cycle trough on 15th or 16th of November.
- 40D cycle trough on 1-4th of December.
- 20W cycle trough in the last week of December 2023.
Update:
Same reasoning as SPX and NDQ, I am doing some changes to both my count and cycles.
Analysis of the Structure:
I think wave 2 has already ended as a double zigzag (we were expecting a third zigzag to happen, so we are not really changing the count).
Right now, we are in wave (II) of a of 3.
513.59 is my target for wave 3 peak happening mid 2024.
Analysis of the Cycles:
The trough of October 31st was a 40W cycle trough and we are in the second 40W cycle of the current 80W cycle.
- 40D trough on December 4th 2023.
- 80D FLD will be crossed tomorrow and can generate a target of 285.
- 80D trough on January 6th 2024.
- 20W trough in the first 2 weeks of March.
- 40W FLD suggests a peak will be in March.
- 40W trough in June-July 2024.
