TSLA Weekly Harmonic Elliott Wave and Hurst's Cyclic Analysis
Overview: let's review the key points of the previous update:
Update: we got all we expected! we peaked at 261.18 on August 31st and September 1st gave us part of the 20D trough.
Analysis of Structure:
I see wave (II) very close to the bottom (its a flat and its currently in its wave V of c of that flat). I have 240.58 as a potential target for the bottom. THIS IS AN AMAZING BUYING OPPORTUNITY.
What follows is wave (III), the strongest part of this move. The 1.618 fib extension of wave (I) gives 318.49 as a potential target for wave (III) peak (assuming that wave (II) is bottoming at 240.58).
Analysis of Cycles:
Today we got a 5D cycle in the second 10D cycle of the current 20D cycle. I am expecting the 20D trough on September 5th, after which we start the second 20D cycle in the current 40D cycle.
In contrast to the previous update, we rely on the analysis of the structure to come up with potential targets as there is no significant FLD break at this point.
There are a few important dates to remember (there would be definitely some tolerance):
September 18th: 40D cycle/wave (III) peak
September 27th: 40D cycle/wave (IV) bottom
October 16th: 80D cycle/wave (V) peak
Summary: we are very close to the start of wave (III) of c of 3 of (A) on TSLA. I am expecting 318.49 on September 18th.
- Start of a bullish phase to ~380 by the end of October/early November.
- Island reversal gap is not going to be filled ever!
- Bullish pattern: one white soldier + one black crow + one white soldier.
- We are in wave c of (I) of c of 3.
- The 40W cycle trough on August 18th, now inside the second 40W cycle in the current 18M cycle.
- Upcoming 20D trough should form on September 1st or September 5th (wave (II) bottom).
- Wave (I) peaking around 260 later in the coming week.
Update: we got all we expected! we peaked at 261.18 on August 31st and September 1st gave us part of the 20D trough.
Analysis of Structure:
I see wave (II) very close to the bottom (its a flat and its currently in its wave V of c of that flat). I have 240.58 as a potential target for the bottom. THIS IS AN AMAZING BUYING OPPORTUNITY.
What follows is wave (III), the strongest part of this move. The 1.618 fib extension of wave (I) gives 318.49 as a potential target for wave (III) peak (assuming that wave (II) is bottoming at 240.58).
Analysis of Cycles:
Today we got a 5D cycle in the second 10D cycle of the current 20D cycle. I am expecting the 20D trough on September 5th, after which we start the second 20D cycle in the current 40D cycle.
In contrast to the previous update, we rely on the analysis of the structure to come up with potential targets as there is no significant FLD break at this point.
There are a few important dates to remember (there would be definitely some tolerance):
September 18th: 40D cycle/wave (III) peak
September 27th: 40D cycle/wave (IV) bottom
October 16th: 80D cycle/wave (V) peak
Summary: we are very close to the start of wave (III) of c of 3 of (A) on TSLA. I am expecting 318.49 on September 18th.
