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TSLA Weekly Harmonic Elliott Wave and Hurst's Cyclic Analysis

NASDAQ:TSLA   Tesla
Review:

Highlights of the previous update (December 16th):

  • Wave 3 of c of (III) of a of 3.
  • A late 40D cycle trough on December 13th.
  • In the second 40D cycle of the first 80D cycle of the first 20W cycle of the current 40W cycle.
  • 80D cycle trough: 8th-23rd January 2024.
  • 20W trough: 8-14th March 2024.
  • Another 20W cycle FLD cross to the upside next week.
  • 40W FLD target changed to 292.

Update:

We did not get the exact structure that I expected, but no change to our overall expectations is needed:

Analysis of the Structure:

We are in wave (C) of 3 of c of (III) of a of 3. A fib target for wave 3 peak is 270.61, coming in the following week.

Analysis of the Cycles:

Today we completed the first 10D cycle of the current 40D cycle. We got the second cross of the 20W FLD, which generated a target of 316. No change to other statements made before.

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