TSLA Weekly Harmonic Elliott Wave and Hurst's Cyclic Analysis

NASDAQ:TSLA   Tesla, Inc.

Let's review the key points of the previous update (Nov. 21st):

  • Wave 2 has already ended.
  • We are in wave (II) of a of 3.
  • 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 trough in June-July 2024.


We are on track with our expectations.

Analysis of the Structure:

We are still in the development of wave (II) as a flat correction. On Monday early morning, I expect a minor move higher to complete wave 4 of c of (II), then the final bearish move to the downside to complete wave (II) on Tuesday. The next phase is a very strong bullish move as wave (III) of a of 3.

Analysis of the Cycles:

We are expecting the 40D cycle trough and I think it will happen on December 4th or 5th (more likely). No change is needed to my previous cycle statements, except adding a few points:

  1. We got the actual 80D cycle FLD cross to the upside, which generated a target of 282 (underlying trend is up, so we expect an overshot).
  2. 20W cycle FLD was crossed to the upside, generating a target of 296.
  3. 40W cycle FLD to be crossed soon (next week).


The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.