TSLA Weekly Harmonic Elliott Wave and Hurst's Cyclic Analysis
Review: Let's review the key points of the previous update (December 2nd):
Update:
Analysis of the Structure:
I am doing a little bit of relabeling, which is not big a change to the overall view (the hourly path of the previous update was actually followed nicely).
I think we are in wave b of (III) of a of 3, developing as a triangle. The triangle will complete on Monday, starting a very strong bullish move.
Analysis of the Cycles:
We got the 40D cycle trough on December 1st. On Monday, we are expecting the first 10D cycle trough of the first 20D cycle of the second 40D cycle of the first 80D cycle of the first 20W cycle of the second 40W cycle of the current 18M cycle.
No change to the FLD targets provided in the previous update, they are still in place. We also got the 40W FLD cross this week and it generated a target of 288. A probable time for the peak of 80D cycle is 19th December 2023 and a probable date for the peak of the 20W cycle is 13th February 2024. Don't forget that the troughs are analyzed and known in cyclic analysis, but the peaks are only guesses based on some observations.
- Wave (II) as a flat correction.
- Monday early morning, a minor move higher, then the final bearish move to complete wave (II) on Tuesday.
- Next phase is a very strong bullish move.
- Expecting the 40D cycle trough on December 4th or 5th.
- 80D cycle FLD generated a target of 282.
- 20W cycle FLD generated a target of 296.
- 40W cycle FLD to be crossed next week.
Update:
Analysis of the Structure:
I am doing a little bit of relabeling, which is not big a change to the overall view (the hourly path of the previous update was actually followed nicely).
I think we are in wave b of (III) of a of 3, developing as a triangle. The triangle will complete on Monday, starting a very strong bullish move.
Analysis of the Cycles:
We got the 40D cycle trough on December 1st. On Monday, we are expecting the first 10D cycle trough of the first 20D cycle of the second 40D cycle of the first 80D cycle of the first 20W cycle of the second 40W cycle of the current 18M cycle.
No change to the FLD targets provided in the previous update, they are still in place. We also got the 40W FLD cross this week and it generated a target of 288. A probable time for the peak of 80D cycle is 19th December 2023 and a probable date for the peak of the 20W cycle is 13th February 2024. Don't forget that the troughs are analyzed and known in cyclic analysis, but the peaks are only guesses based on some observations.
Comment:
Forgot to mention a fib target for wave (III) peak: 279.35.
