$TSLA printed a new high, then gave it back fast. I lean short, but not from here. I want a bounce into the area where the last leg down started. The catch: the daily trend is still up. This is a correction trade, not a top call. The weekend floor broke intraday. Price then set a lower high on the 4h, so short-term structure is turning down. Why that bounce area: - It's the 0.5–0.618 retracement of the recent drop - A 1h bearish order block sits there, where the last bounce failed - The top of a filled 12h gap lands in the same spot Three separate tools pointing at one area is why I'd rather wait than chase. Elliott view: I count five waves up from the prior swing low. Wave 5 barely cleared wave 3 and momentum faded into it. That reads as a finished impulse, so I treat the drop as wave A and want the B-wave bounce to sell. Where I'm wrong: if price holds above the recent high, the breakout was real, not a stop hunt. A 4h close back above the lower high also kills the idea before entry. Risks: Wyckoff reads this range as re-accumulation. The midterm results and Friday's jobs report can move the whole index. Published by YTIlab · OMNISIGHT REPORT Not investment advice. All decisions and responsibility are your own.