The weekly cycle on
TSLA
is not over yet. We have had 5 days (12.01) out of 6 of its minimum duration (a weekly cycle can last from 6 to 11 days).
Unless from Monday we see a strong push back up that will develop a weekly Hybrid cycle of 12 days (H cycles' are seldom ones), we are expecting a further downtrend.
Such situation might be in place for the entire next week as the minimum of a T+2 (13.12) has been broken down(on the 11.01.24), therefore the extension of the cycle (at least 24 days) will seek its end to the downside, compared to where the price closed on Friday 12.01.
TSLA
is not over yet. We have had 5 days (12.01) out of 6 of its minimum duration (a weekly cycle can last from 6 to 11 days). Unless from Monday we see a strong push back up that will develop a weekly Hybrid cycle of 12 days (H cycles' are seldom ones), we are expecting a further downtrend.
Such situation might be in place for the entire next week as the minimum of a T+2 (13.12) has been broken down(on the 11.01.24), therefore the extension of the cycle (at least 24 days) will seek its end to the downside, compared to where the price closed on Friday 12.01.
Comment:
We have updated today the lower point as expected. The downward weekly cycle has reached the minimum duration for its completion. From tomorrow we have 20% chances to have a push back up: timewise (11days -6 days elapsed)=5. (1/5)*100= 20%. What about the upward cycle? how long is it for? which cycle are we expecting to close? the method is pure math, beyond the type of candle etc... if you want to guess, write it down in the comments
Comment:
Nasdaq up Tesla down. How much worthy the swings are given in the analysis? the recommendation of the last week demonstrated how math and parameters used by the HFT and alogs are key to estimate a move in advance. If you want to make money follow the algos not the news, these latter are always misleading. The funds which have BLN of dollars do not bet on rumors etc, if they do is because some parameters allow it. It is always a matter of software....