Chart of the day

TSLA has bounced off the strong upside support of 220 and is extending higher for a test of 270. This confirmed bounce and a break above 270 would lead to an extension higher to 350.

This is still viewed as the fourth wave pullback of the long-term upside five unless we see a break below 220. In that case, an upside reversal can be invalidated

Long trade, you can open here with the stops below 240. We favor the long trade entries as we expect an upside extension from this vital support at the completion of the Elliott Wave five uptrend long-term wave specially in the case of a break above 270.