It took a month and two days for TSLA to double from its Jan 6th major low of $101.86. This is a classic Wave 2 low morphing into the initial stage of a multi-year Wave 3 advance and unless and until proven otherwise, that is my take on TSLA for 2023-2024. Part and parcel of this same pattern is a retracement of the initial 100% rise, anywhere from 38% to 62% likely in the month ahead. TSLA - Short-Term (240 minute) Model: Would have, could have, should have been. We will take next trade which will be a Sell, and then one after that, which will be a Buy. These charts are our reminder...TSLA is a special mover with huge exploitable trends in both directions. The arrows on the above chart are signals generated by the 240 minute price bars, about twice as many signals as the Daily price bars (below) providing aggressive entires into new trends. We will use this model in the PRO Service for shorter-term trading and the Daily model in the Premium Service for longer term LEAPS. TSLA - Daily Trend Model - Pending an entry into 2025 LEAPS on Wave 2 pullback TSLA - EW Pattern with a Fib 78% pullback for a deep Primary Wave 2 That Primary Wave 3 target should be in the neighborhood of $750 - $1200 in 2024-2025
