Bull scenario: CNBC Level at 275 has proved to be an excellent level to play around. We dipped way below but made it nowhere near to $240. Now we look to long term for a break of this down-trending trajectory. Breaking above 300 level would have me targetting 340.
There is also potential for this entire shockwave to break up and eventually reach the magic $420 level as TSLA bears and haters. double down
Bear scenario: Breaking the CNBC level would be a first signal to get out. Below that, the island reversal level of 264 is the last real support. If this goes then I would look for quite a large stop run/2b down below the 240 level to mid 220s.