This is our operative TSLA short-term action chart, currently in "Buy-Pending" mode awaiting a close above $226. The good news is that there are 2 million pre-orders for Cybertruck that will support a run to new all time highs, while the bad news is that this EW structure doesn't look impulsive. That is important because without the "right look" EW is usually wrong. It will take a spurt back into the trend channel to give it "the right look," which would be much higher than $226. For now, keep a buy stop for March 2024 calls at a close above $226 while we continue to follow this potential new entry day to day. If TSLA is going to $400 in 1st qtr 2024, whether you buy calls at $226 or at $240 won't matter. TSLA 240 Minute A new drop to test last week's $194 low, followed buy an impulsive leg up would also give this structure, the right look, and turn me much more bullish for 1st qtr 2024 calls. Tesla Cybertruck Pre-Orders Surpass 2 Million
