Yes it dropped. It's also still Tesla. Price pulled back 16% from its EMA into the multi-year rising trendline. This is the zone where long-term buyers tend to show up but I'm watching, not buying.

This is watchlist only. It looks like it could still dip below 297 if it does, we keep waiting. No rush to catch it.

Staying bullish above 259. That's the line that keeps the thesis alive. Below it, the character changes and I reassess.

Trigger to act: reclaiming and holding ~390 (the down-trendline / decision point). Above there, watchlist becomes a position. Targets months out: 454–498, then a retest of the 571 highs.

Still a downtrend of lower highs right now. No reclaim yet. Patience gets paid here. Not financial advice.