Auto scaling doesn’t make a lot of sense with ElasticSearch.
Shard moving and re-allocation is not a light process, especially if you have a lot of data. It stresses IO and network, and can degrade the performance of ElasticSearch badly. (If you want to limit the effect you should throttle cluster recovery using settings like cluster.routing.allocation.cluster_concurrent_rebalance, indices.recovery.concurrent_streams, indices.recovery.max_size_per_sec . This will limit the impact but will also slow the re-balancing and recovery).
Also, if you care about your data you don’t want to have only 1 node ever. You need your data to be replicated, so you will need at least 2 nodes (or more if you feel safer with a higher replication level).
Another thing to remember is that while you can change the number of replicas, you can’t change the number of shards. This is configured when you create your index and cannot be changed (if you want more shards you need to create another index and reindex all your data). So your number of shards should take into account the data size and the cluster size, considering the higher number of nodes you want but also your minimal setup (can fewer nodes hold all the shards and serve the estimated traffic?).
So theoretically, if you want to have 2 nodes at low time and 12 nodes on peak, you can set your index to have 6 shards with 1 replica. So on low times you have 2 nodes that hold 6 shards each, and on peak you have 12 nodes that hold 1 shard each.
But again, I strongly suggest rethinking this and testing the impact of shard moving on your cluster performance.