TSLA may drop more!

TSLA dropped due to earnings report and seems going down more to retest $205-$207 level. Now the price is in consolidating around down trend area and likely pull back lil more to retest $230 in very good case. I would observe and wait at this level and if price action forms bullish pattern I may bet for upside.
Patience is the game we play in investing.
Let me know your thoughts on this.