Tesla $TSLA has been surging since the end of May. This rally goes against the prevailing bearish correction that started after price failed to push above $390 in September 2017. Price has traveled down to $250 in March/April this year, and has recovered nicely from there. This week, we are seeing a bullish breakout from the multi-month correction.TSLA Daily Chart(click to enlarge)Several Key Breaks:- As we can see on the daily chart, price broke above the falling resistance coming down from the 2017 high just under $390. - Before this week's breakout, we saw several key ones.- When price broke above the $310 level, it showed that bears did not have strong control of this market.- The RSI pushing above 60 was also a sign that bearish momentum was done. - Then, the break above $320 was critical because it pushed price above the 200-day simple moving average. - The next key event will be a break above $361. - However, I think we will have a correction before that since the RSI is way overbought at the moment, and the overall market can be considered sideways instead of bullish because TSLA has been in consolidation mode.Waiting for Pullback:- If the market is indeed bullish, there is a scenario that it just shoots straight up. - This would tough price action to catch if you are risk-minded.- A more conservative approach to catching the uptrend would be to first anticipate a pullback.- I think we can anticipate a pullback to $325, with a smaller probability to $310, within the context of a bullish market.- However, a break below $300 would be a major bearish signal, because it would reflect a false bullish breakout, which puts pressure back to the downside. - For now, we can have some confidence of the bullish outlook, but might want to wait for a pullback before considering hopping on the bull train.