TSLA is expected to form a cycle trough between Sept 28 and Nov 6, with likely choppy price action lower in the near term due to technical rejection and timing cycles.

we'll start with Tesla. Can you see the weekly chart of Tesla? So, we have an average cycle length here of 26 bars. And you can see that we had this uh very bearish candle um back in July that broke through the cycle low support and found some support down here near the 100% extension level.

Well, that would have been very early for a low. It's almost midcycle there. And so we created this uh resistance zone using that high and that low. And this week it got up uh into the upper resistance zone there.

And we're getting a strong rejection from that level.

So expecting a cycle trough to form sometime between September 28th and November 6th. There's the earning date somewhere in that time period as well. So we'll see what happens with that.

that we do have a momentum shift uh with the reversal scout here based on this move up into the resistance zone, but uh we'll likely get some chop uh choppy action lower now um based on the timing window and also this rejection.

Let's take a look over at the daily chart. We'll zoom in a little bit. Daily time frame, we have an average cycle length of 25 bars. thought maybe this was going to be our uh cycle trough, but we are getting a we got this nice sharp move up and then another move back down.

So maybe we get um a trough that forms a little bit later sometime early next week perhaps and then uh another attempt to the upside. This cycle right here is due to trough October 12th.

This the ideal. So if we move back over here, you can see that that is inside this weekly cycle timing window. So we could uh get some weakness out here in this next cycle. Matter of fact, this could be the cycle trough, a move up and then a breakdown and that would continue out into uh midocctober.