You will come across specific terms in these notes (FLD, VTL, and so on). Rather than explain them each time, you will find definitions here: guidance notes for Hurst cycles terminology
TSLA – new 80 day cycle upswing underway?
Weekly price data. The January price low was that of an 18 month (80 week) cycle. This is now 39 weeks along its estimated trajectory and because the last 20 week cycle peak came in late (right translated and bullish) the working assumption is that the 18 month cycle peak will come in later than hypothetical mid point at 40 weeks. In other words a good uptrend is still in force.
A new 40 week cycle started up in mid August and where we had a dip into 20 week FLD uptrend support. Price has dipped again into what we assume was an 80 day cycle trough last week at the 20 week VTL as well as the 80 day FLD.
We are expecting price to penetrate up through the 20 week FLD circa 270 and go on to push through 305 in the first or second week of next month.
This post was first published on Hurst Cycles Notes.
