TSLA Weekly Harmonic Elliott Wave and Hurst's Cyclic Analysis
Overview:
let's review the key points of the previous update (September 30th):
Update:
Analysis of the Structure:
Wave II is developing as a triple zigzag. We will complete wave (A) of Z of II on Monday, will have the pullback for wave (B), then will have the final push to complete wave II. Based on fib retracements, I have 264.2 or 268.5 (higher probability) as my potential targets for the peak. This will be the start of a bearish phase as wave III to the 200 zone.
Analysis of the Cycles:
Today we completed the first 10D cycle of the current 40D cycle. The cross of the 20D FLD had generated a target of 264, almost met today.
The 40D FLD will be cross on Monday and it can generate a target of 280! Same thing as AAPL, I do expect this FLD target to fail to be met, but this is definitely a warning sign to be open to bullish scenarios.
The 20D trough is expected 14th to 16th of October and the 80D trough is due in the range of October 25th to November 6th.
let's review the key points of the previous update (September 30th):
- We completed wave I of (a) of y of 2 and started wave II.
- Wave II as a double zigzag.
- I can consider 264.19 as a potential target for the peak.
- We are inside the second 40D cycle of the first 80D cycle of the 40W cycle.
- 266.6 happening on 6th or 9th of October as the peak of this 40D cycle.
Update:
Analysis of the Structure:
Wave II is developing as a triple zigzag. We will complete wave (A) of Z of II on Monday, will have the pullback for wave (B), then will have the final push to complete wave II. Based on fib retracements, I have 264.2 or 268.5 (higher probability) as my potential targets for the peak. This will be the start of a bearish phase as wave III to the 200 zone.
Analysis of the Cycles:
Today we completed the first 10D cycle of the current 40D cycle. The cross of the 20D FLD had generated a target of 264, almost met today.
The 40D FLD will be cross on Monday and it can generate a target of 280! Same thing as AAPL, I do expect this FLD target to fail to be met, but this is definitely a warning sign to be open to bullish scenarios.
The 20D trough is expected 14th to 16th of October and the 80D trough is due in the range of October 25th to November 6th.
