On first glance, there are a couple bullish factors for this chart. First, Trend Model is on a Short-Term Buy and second, it is coming from the middle of a Fib retracement zone. Whreas this is usually enough to buy calls, so long as TSLA is so far below its Wave 3 uptrend channel, mega caution is urged as another test under $200 is more likely than not. TSLA 240 Minute Trading Model It would take a run higher into the channel, or to at least $230-240, to turn this chart bang-the-table bullish. Those March 2024 calls will be cheaper after Thanksgiving, unless $230+ is seen first. This maybe more readily apparent on the Longer Term Point & Figure chart below: TSLA Daily (Point & Figure) When TSLA can make its way back above $230-240, then $350-400 is next. On a TSLA close above $230
