First, we want to use daily chart instead of weekly chart
Second, we want to identify the most recent short term elliot wave. You can see that TSLA clearly had its wave 1 from 10/23 low to Oct 28 high. After that, it had a perfect 50% retracement from Oct 28 high to 11/4.
We are now in wave 3 for this short term uptrend. Normally, wave 3 has a Fib extension of 1.618, which should end at 332.13.
Let's see if TSLA close below 332.13 today and if so, it could signal a pull back as part of wave 4.
If not, wave 3 should end between 1.618 and 2.618 (which is what I mentioned below as 375-395 area)
All of these are just short term trend detection. If we zoom out with a bigger trend, TSLA is in a clear breakoout and no sign of correction of any sort
