TSLA Weekly Harmonic Elliott Wave and Hurst's Cyclic Analysis
Overview: in the update of previous weekend, I had TSLA in wave (IV) of a of 3.
I had the bottom of wave (IV) as a 80 day trough and expected it to happen on June 29th.
Update: TSLA followed the expected path perfectly, just a bit faster than I thought. Although this count is still very valid and possible, I see an alternative scenario being more probable at this point. I am doing a bit of relabeling to my TSLA count, where I think the peak of wave a of 3 is already in and we are in wave b of 3.
This is developing as a double zigzag and we are very close to the peak of wave (x) of b (265.87 is my potential target).
What follows is wave (y) of b to form the 80 day cycle trough on the 3rd week of July and at ~215.
I had the bottom of wave (IV) as a 80 day trough and expected it to happen on June 29th.
Update: TSLA followed the expected path perfectly, just a bit faster than I thought. Although this count is still very valid and possible, I see an alternative scenario being more probable at this point. I am doing a bit of relabeling to my TSLA count, where I think the peak of wave a of 3 is already in and we are in wave b of 3.
This is developing as a double zigzag and we are very close to the peak of wave (x) of b (265.87 is my potential target).
What follows is wave (y) of b to form the 80 day cycle trough on the 3rd week of July and at ~215.
