TSLA Weekly Harmonic Elliott Wave and Hurst's Cyclic Analysis
Overview: on the update of June 23rd, I had TSLA in wave (IV) of a of 3. Last week, I mentioned that "although this count is still very valid and possible, I see an alternative scenario being more probable". I changed my primary count to the one showing that wave a has already peaked and we are in wave b.
Update: I think I made a false move on changing my primary count and it was a bit early to consider that wave a has peaked. The price action of TSLA is definitely challenging to analyze at this point and I am not very confident on which scenario is playing out.
What I prefer for my primary count is that wave a of 3 has peaked and I expect wave b to bottom (40 week trough) on the third week of August around 230.
Update: I think I made a false move on changing my primary count and it was a bit early to consider that wave a has peaked. The price action of TSLA is definitely challenging to analyze at this point and I am not very confident on which scenario is playing out.
What I prefer for my primary count is that wave a of 3 has peaked and I expect wave b to bottom (40 week trough) on the third week of August around 230.
