🔍 Technical Analysis (1H Chart Overview)
TSLA has formed a symmetrical triangle, compressing between an uptrend and a downtrend line. Price is hovering right near the apex, with a key horizontal level at $249.89, where it's showing indecision.
* Support levels:
* $239.67 → Previous demand zone
* $217.11 → Major swing low and last defense for bulls
* Resistance levels:
* $257.85 → Overhead rejection zone
* $276.91 → Major gamma wall and swing high
Volume is thinning out as price coils tighter, suggesting a breakout is imminent.
The RSI is neutral around 50, slowly curving upward, signaling slight bullish momentum building, but no confirmation yet. Price is consolidating on declining volume, which is often a pre-breakout setup.
🔧 Trading Bias: Watch for breakout above $253 for potential long play toward $258–$265. Breakdown below $249 flips bias bearish, with a retest of $239 then $230 likely.
⚙️ GEX Option Flow Insights
GEX data shows concentrated gamma resistance at $275–$280, with the highest positive NETGEX sitting right at $275 — that's our Gamma Wall. Above that, market makers become forced buyers, creating a squeeze scenario.
On the downside, there’s a strong PUT wall around $220 and $200, with -50.27% NETGEX at $200 acting as deep support.
Notably:
* IVR: 67.2
* IVx Avg: 108.9
* Call Flow: 15.2%
* GEX Sentiment: ☘️☘️🟢 (Bullish tilt, but not maxed out)
💡 Options Strategy Suggestion: Consider a debit call spread if price breaks $253 with volume, targeting $265–$275. If price breaks $249, put debit spreads to $230–$220 could offer solid reward.
🧠 Final Thoughts
TSLA is a coiled spring, and both TA and GEX show we’re at a key decision point. Let price tell you the story — react to breakout or breakdown. Gamma positioning offers high reward potential in both directions.
📌 Stay nimble, plan both scenarios, and use options to your advantage.
TSLA has formed a symmetrical triangle, compressing between an uptrend and a downtrend line. Price is hovering right near the apex, with a key horizontal level at $249.89, where it's showing indecision.
* Support levels:
* $239.67 → Previous demand zone
* $217.11 → Major swing low and last defense for bulls
* Resistance levels:
* $257.85 → Overhead rejection zone
* $276.91 → Major gamma wall and swing high
Volume is thinning out as price coils tighter, suggesting a breakout is imminent.
The RSI is neutral around 50, slowly curving upward, signaling slight bullish momentum building, but no confirmation yet. Price is consolidating on declining volume, which is often a pre-breakout setup.
🔧 Trading Bias: Watch for breakout above $253 for potential long play toward $258–$265. Breakdown below $249 flips bias bearish, with a retest of $239 then $230 likely.
⚙️ GEX Option Flow Insights
GEX data shows concentrated gamma resistance at $275–$280, with the highest positive NETGEX sitting right at $275 — that's our Gamma Wall. Above that, market makers become forced buyers, creating a squeeze scenario.
On the downside, there’s a strong PUT wall around $220 and $200, with -50.27% NETGEX at $200 acting as deep support.
Notably:
* IVR: 67.2
* IVx Avg: 108.9
* Call Flow: 15.2%
* GEX Sentiment: ☘️☘️🟢 (Bullish tilt, but not maxed out)
💡 Options Strategy Suggestion: Consider a debit call spread if price breaks $253 with volume, targeting $265–$275. If price breaks $249, put debit spreads to $230–$220 could offer solid reward.
🧠 Final Thoughts
TSLA is a coiled spring, and both TA and GEX show we’re at a key decision point. Let price tell you the story — react to breakout or breakdown. Gamma positioning offers high reward potential in both directions.
📌 Stay nimble, plan both scenarios, and use options to your advantage.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.