TSLA Weekly Harmonic Elliott Wave and Hurst's Cyclic Analysis
Review:
Highlights of the previous update (December 16th):
Wave 3 of c of (III) of a of 3.
A late 40D cycle trough on December 13th.
In the second 40D cycle of the first 80D cycle of the first 20W cycle of the current 40W cycle.
80D cycle trough: 8th-23rd January 2024.
20W trough: 8-14th March 2024.
Another 20W cycle FLD cross to the upside next week.
40W FLD target changed to 292.
Update:
We did not get the exact structure that I expected, but no change to our overall expectations is needed:
Analysis of the Structure:
We are in wave (C) of 3 of c of (III) of a of 3. A fib target for wave 3 peak is 270.61, coming in the following week.
Analysis of the Cycles:
Today we completed the first 10D cycle of the current 40D cycle. We got the second cross of the 20W FLD, which generated a target of 316. No change to other statements made before.