That should be it for Tesla, at least for a while. Notice that the spike high of last week’s parabolic short-squeeze failed not only to reach the 270.68 Hidden Pivot target, but also to surpass the watershed high at 271.57 recorded back in September. Although it would have taken but another $2.24 of upside to get the job done, the shortfall, although small, tells us that buyers simply weren’t up to it. That’s not to say they won’t try again, but my guess is that it will take at least a few weeks of consolidation, if not significantly longer, to muster the required gusto. That would correspond to a period of unwonted caution on Wall Street following the well-hyped introduction of Tesla’s Model 3.  The $35,000 electric sedan, with a 215-mile range, has the potential to shake up the auto industry. But with the stock having nearly doubled since early February, the company will need a couple of quarters of very strong sales to justify the wild, distributive run-up in the price of its shares. _______ UPDATE (May 3, 1:12 a.m. ET): Tesla shares have been trending lower for nearly a month, so it’s probably time for the stocks handlers to ‘surprise’ us with a strong rally. If so, the pattern shown can be used to get aboard. ______ UPDATE (May 4, 3:58 a.m.): To bottom-fish, try this pattern instead, on the 240-minute chart: a=257.38 (4/25); b=234.82 (5/2); c=243.19. A stop-loss as tight as you can abide could be used either at p2=226.27, or D=220.63 (see inset).