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 earnings date somewhere in that time period as well. So we'll see what happens with that.
But 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.