1. Price Structure and Trend:
TSLA has been in a clear downtrend since January 2025, dropping from ~$475 to a key support at ~$258. The price is currently consolidating at this level, hinting at a potential pause or reversal.
2. Support and Resistance Levels:
• Support: $258 (current level, with multiple bounces).
• Resistance: $300 (next significant zone, based on prior consolidation).
3. Volatility and Squeeze Indicators:
The "Volatility Squeeze" indicator (on the right) shows red and blue bars. Recent red bars signal a squeeze (low volatility), often preceding sharp moves. The shift to blue bars suggests volatility may be increasing.
4. Action Signals:
• "X" markers (blue and orange) highlight potential entry/exit points. Recent orange "X" marks at the $258 support could indicate a buying opportunity if the price confirms a bounce.
• If support breaks, the next level to watch is ~$225 (previous lows).
5. Conclusion:
TSLA is at a critical juncture. A bounce from $258 could target $300, but a breakdown might lead to $225. Keep an eye on volume and volatility for confirmation. What's your take?
Here is the link to the indicator
TSLA has been in a clear downtrend since January 2025, dropping from ~$475 to a key support at ~$258. The price is currently consolidating at this level, hinting at a potential pause or reversal.
2. Support and Resistance Levels:
• Support: $258 (current level, with multiple bounces).
• Resistance: $300 (next significant zone, based on prior consolidation).
3. Volatility and Squeeze Indicators:
The "Volatility Squeeze" indicator (on the right) shows red and blue bars. Recent red bars signal a squeeze (low volatility), often preceding sharp moves. The shift to blue bars suggests volatility may be increasing.
4. Action Signals:
• "X" markers (blue and orange) highlight potential entry/exit points. Recent orange "X" marks at the $258 support could indicate a buying opportunity if the price confirms a bounce.
• If support breaks, the next level to watch is ~$225 (previous lows).
5. Conclusion:
TSLA is at a critical juncture. A bounce from $258 could target $300, but a breakdown might lead to $225. Keep an eye on volume and volatility for confirmation. What's your take?
Here is the link to the indicator
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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.
Join my trading community! 📈
🔹 Discord: discord.gg/7Fwru9gqbS
🔹 Discord: discord.gg/7Fwru9gqbS
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.