Contracting Triangle in progress!!!Its hard to believe bearish contracting triangle in progress while we expecting 10/10 "We, Robot" , Hard to believe, Is chart lying? Please share your opinion in comments. Thanks!! Have a great trading.Shortby Baaz007Published 9935
Tesla, Inc. (TSLA) Also Bearish (Major Correction Ahead!)I could write a thesis explaining why the TSLA stock is set to go down. In this thesis, I could make up all types of explanations supporting my bias, mentioning varied economic factors, global finance, historical market dynamics, politics, military conflict in the middle east and government reports. On the other hand, I can also keep it extremely simple and just show you this chart. Tesla, Inc. (TSLA) produced a high in 11-July 2024. On the 30-September, we have a lower high and today a full red candle showed up. As the lower high for September came in, trading volume has been the lower it has been in years and this is bearish. As this dynamic is playing out on this chart, other major stocks are also moving lower and the DXY has gone bullish. When the DXY goes up, tech stocks go down. ➢ TSLA is about to enter a correction similar to the one produced between July and August 2024, the only difference is that this one will be several times stronger, we are looking at a lower low. Thank you for reading. Namaste.Shortby AlanSantanaUpdated 4848106
Elon Musk’s EV Empire Unveils Cybercabs and Robovans. Now What?Highly-anticipated Robotaxi event offered a glimpse into what Elon Musk touted as “the future” — a driverless almond-shaped Cybercab robotaxi with no steering wheel or pedals and a Robovan that can ferry up to 20 people (but looks like a giant sliding toaster ). Both are futuristic and flashy. But can they generate revenue and keep Tesla churning out profits? That’s the question investors were asking while they pressed hard on the “Sell TSLA shares” button. Tesla (ticker: TSLA ) is introducing a new era. Years after it had released a new product (the Cybertruck in 2019), the electric-vehicle maker, towering over the EV space , is expanding its product suite with not one but two new sick wheels. Rolling up to the stage in one of them — a robotaxi called “Cybercab” — Elon Musk, Tesla’s chief executive, unveiled the driverless two-seater cab and an autonomous van conveniently called Robovan. “You could fall asleep and wake up at your destination,” Musk said on stage after he arrived one hour late. “There’s no steering wheel or pedals so I hope this goes well.” The other big reveal was a Robovan/Robobus that can pick up a total of 20 people at a time. The Robovan is especially odd-looking, which, according to Musk, is intentional. “We want to change the look of the roads,” said Musk. “The future should look like the future.” The icing on the cake was a new version of Optimus — Tesla’s humanoid robot. In its latest form, Optimus was spotted pouring drinks at the venue and dancing in fish tanks while flexing jacked forearms. Happening at the Warner Brothers movie set in Los Angeles, the hotly-awaited invite-only event had managed to sneak in 50 Cybercab prototypes and multiple humanoid robots. Of the few details laid out around the business model — the Cybercab is going to cost less than $30,000 with an operating cost of 20 cents a mile. “We expect to be in production with the Cybercab … in probably — well, I tend to be a little optimistic with time frames — but in 2026. Before 2027,” Musk said. How would that work? Musk is hoping that there will be millions of Cybercabs available to rent out from the owners through the Tesla app. “Your average passenger car is only used 10 hours a week,” he noted. “If they are autonomous they could be used five times more, maybe 10 times more.” Thus, it seems like Musk is betting on new owners looking to convert their vehicles into autonomous taxis, earning them a passive income. But there’s a long way to go — this new way of transportation requires regulatory approval and regulators don’t exactly have a reputation for being open-minded to new ideas. According to Elon Musk, Tesla’s future hinges on autonomous driving. Driverless vehicles are central to the continued growth and success of the EV maker. So much so that Musk has previously said that Tesla’s market cap could hit $30 trillion, or about 40 times the current valuation (or 10 times the market cap of Apple (ticker: AAPL ), the world's most expensive company .) For reference, the entire S&P 500 index is worth $50 trillion today. Tesla’s market worth may skyrocket 40 times but it won’t be today. The neon-filled scene giving futuristic vibes and Musk touting the new products as game-changers didn’t inspire investors to rush in and shove their cash into Tesla shares. Some key details were missing and that prompted investors to take a cautious stand. First off, from over 2 hours of livestreamed content , the presentation was just about 20 to 30 minutes and didn’t discuss anything about self-driving safety. No deep dives into the business model on the side of revenue or market share for driverless taxis. And with Musk’s broken promises — he had said that millions of robotaxis will be ferrying passengers in 2020 — investors went mild instead of wild. First trades at the opening bell in New York on Friday saw Tesla shares drop more than 10%. Was the event mostly razzle-dazzle and lots of glam and glitz? Or was there any real substance behind? Share your thoughts below!Editors' picksby TradingViewPublished 6641
Tesla 4 hour-5 min: Are we going up to 272??Good morning traders alright what is Tesla doing??? From what my thesis is are we finishing our 4th wave down or do we have some more correcting down to do before we reach for the goal of 272 that is the question. I break it down for you in the video nice quick and short one for you If you found the video helpful: like boost comment give me your thoughts in the comments below Happy Trading MB Trader 06:57by Mindbloome-TraderPublished 6611
Tesla Opened with a Gap Down: What’s Next?Tesla Opened with a Gap Down: What’s Next? Tesla opened with a significant gap down, indicating a potential further price decline. However, there’s no need to rush into decisions at this moment. The stock may rise again to fill the gap before moving down, as shown on the chart. I expect Tesla to fill the gap near 232.50 - 237.80 before potentially declining further to 186. You may find more details in the chart! Thank you and Good Luck! ❤️PS: Please support with a like or comment if you find this analysis useful for your trading day❤️ Shortby KlejdiCuniPublished 338
TSLA BUY ANALYSIS TRIANGLE PATTERNHere on Tsla price has form a triangle pattern and is likely to move up after breaking line 235.92 and there is chance of moving up so going for LONG is needed with target profit of 257.58,281.64 and 306.46 . Use money managementLongby FrankFx14Updated 2213
Creating a Balanced Investment PortfolioCreating a Balanced Investment Portfolio In the vast realm of trading, where platforms like FXOpen play a pivotal role, strategy and skill stand paramount. As the age-old adage goes, 'Don't put all your eggs in one basket.' In the context of trading, this underscores the significance of diversification. Enter the concept of a balanced investment portfolio - an excellent balanced portfolio example, which emerges as an oasis of hope amidst the unpredictable dunes of market volatility. Understanding the Importance of a Balanced Investment Portfolio To achieve a balanced investment portfolio, it's crucial to consider the balance of individual components, especially forex, CFDs, stocks, and bonds. For example, a stock portfolio balance refers to the proportion of stocks in relation to other investment types. This balance is pivotal, as stocks often carry higher risks but also higher potential rewards. By understanding their own risk tolerance and learning how to balance portfolio assets effectively, traders can determine the ideal portfolio balance that meets their specific objectives. Building the Foundation: Investment Basics Every experienced trader knows that the world of investments is vast, presenting myriad opportunities. Some of the primary investment types include: - Stocks: These signify ownership in a company and constitute a claim on a fraction of its assets and earnings. - Bonds: Essentially, when you invest in bonds, you're loaning your money, either to a corporation or the government, in exchange for periodic interest payments plus the return of the bond's face value when it matures. - Real Estate: Investing in tangible land, buildings, or housing. Given its physical nature, it often acts as a hedge against more volatile markets. - Mutual Funds: These funds pool money from several investors to invest in a diversified portfolio of stocks, bonds, or other securities. Central to investment basics is the risk-return tradeoff. Essentially, it highlights that the potential return on any investment is directly proportional to the risk associated with it. In this matrix, diversification emerges as the most effective strategy, helping to spread and, in turn, mitigate risk. Asset Allocation Strategies Asset allocation might seem like a complex term, but at its core, it's about ensuring that your portfolio reflects your investment portfolio balance, harmonising your desired risk and reward. 1. Modern Portfolio Theory (MPT) Introduced by the visionary economist Harry Markowitz in the 1950s, the Modern Portfolio Theory (MPT) has since established itself as a seminal concept in portfolio management. Groundbreaking for its time and still influential today, MPT hinges on a principle that feels intuitive yet was revolutionary upon its debut: diversifying investments to maximise returns while judiciously managing the associated market risk. Central to the MPT is the construct of the 'Efficient Frontier'. This captivating concept represents a boundary in the risk-return space where portfolios lie if they offer the highest expected return for any given level of risk. In essence, any portfolio residing on the Efficient Frontier is deemed optimal, reflecting a balance where no additional expected return can be achieved without accepting more risk. 2. Strategic Asset Allocation Here, traders establish a base policy mix — a proportional combination of assets based on expected rates of return for each asset class. It’s a long-haul game, adjusting the portfolio as long-term goals or risk tolerance evolve. 3. Tactical Asset Allocation A more active management portfolio strategy, this method tries to exploit short-term market conditions. It involves shifting percentage holdings in different categories to take advantage of market pricing anomalies or strong market sectors. Diversification In the complex world of investing, understanding how to balance a portfolio is key. Diversification is the guardian against unpredictability. It is the art of spreading investments across various assets or sectors, ensuring that potential adverse events in one area won't unravel the entire portfolio's performance. Essentially, diversification is the protective shield that buffers against market volatility, offering a more stable and consistent growth path for traders. Geographical Diversification Globalisation has knit economies closer than ever before, yet each retains unique characteristics influenced by internal and external events. By diversifying investments across continents and countries, traders can leverage these unique attributes. Sector Diversification Beyond geography, the global market is segmented into various sectors — technology, healthcare, and finance, to name a few. Each has its growth trajectory, impacted by different factors. Spreading investments across sectors can hedge against unforeseen adversities. Individual Asset Selection The keystone of a robust portfolio is the judicious choice of individual assets. Beyond the broad strokes of diversification, the meticulous selection of each asset determines the portfolio's potential success. It's where profound understanding meets strategic decision-making, ensuring that every asset, be it a stock, bond, or commodity, is handpicked to serve the trader's overarching goals and vision. Proper research, encompassing financial performance, management quality, growth potential, and market trends, provides insight, reducing the chances of unwelcome surprises. Risk assessment is another crucial part of individual asset selection. Risk is an inherent part of investing. However, with rigorous risk assessment, traders can anticipate potential pitfalls. Evaluating the risk associated with each asset and its correlation with others in the portfolio helps in achieving the desired balance. Monitoring and Rebalancing In the dynamic dance of markets, continuous oversight and timely adjustments keep a portfolio's rhythm and harmony intact. - Regular Portfolio Review. The world doesn't stand still, nor do the markets. Regular reviews ensure that the portfolio aligns with the trader's goals and market realities. - Rebalancing Strategies. Over a period of time, certain investments will experience more rapid growth than others. This can shift the portfolio’s balance, necessitating rebalancing. Rebalancing, whether by reinvesting dividends or selling assets that have appreciated to buy those that have declined, ensures alignment with the desired risk levels and asset allocation strategy. Conclusion Crafting a balanced trading portfolio is an art backed by science, strategy, and due diligence. It's an ongoing process requiring constant monitoring and fine-tuning. By keeping a finger on the pulse of global trends, understanding risks, and staying committed to their goals, traders can navigate the choppy waters of global markets effectively. For those eager to embark on or deepen their trading journey, FXOpen offers the platform and tools. To initiate this exciting endeavour, you can open an FXOpen account and explore the dynamic offerings of the TickTrader platform. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.Editors' picksEducationby FXOpenPublished 55238
TESLA Can it reverse the ROBOTAXI DISASTER?Tesla (TSLA) plummeted on opening today following yesterday's Robotaxi event, dropping as much as -10% intra day below its 1D MA50 (blue trend-line) and touching the 1D MA100 (green trend-line) for the first time since August 05. The market clearly considered the Robotaxi and the other aspects of the event a disaster fundamentally and the early impression is imprinted on this price collapse. The question on investors' minds is, can the company reverse the sentiment? Well, technically there is a big reason why the price has been pulling back since the September 30 High and that is simple. It has been rejected exactly on the Lower Highs trend-line that started on Tesla's All Time High (ATH) back on November 04 2021. As you can see, this powerful multi-year Resistance has already 5 rejections (red circles) under its belt. But on the bright side, the price has shown clear signs of reversing this long-term and the biggest is the Higher Lows since the January 06 2023 market bottom (the 2nd Higher Low on April 22 2024). On top of that we are seeing the potential for a Channel Up (blue) since the April 22 2024 bottom and is being supported by the 1D MA100. Below that, the last (symmetrical) Support Zone is offered by the 1D MA200 (orange trend-line) and the 195.00 level (so a zone roughly within 195.00 - 203.00). Below that, the recovery potential is endangered to a great extent. So to summarize, there are strong support levels that may cause yesterday's disastrous fundamental sentiment to reverse but most of all, Tesla needs to break above its ATH Lower Highs trend-line. If it does, the first target of the new Bullish Leg should be $380.00 (Higher High on the blue Channel Up). ------------------------------------------------------------------------------- ** Please LIKE 👍, FOLLOW ✅, SHARE 🙌 and COMMENT ✍ if you enjoy this idea! Also share your ideas and charts in the comments section below! This is best way to keep it relevant, support us, keep the content here free and allow the idea to reach as many people as possible. ** ------------------------------------------------------------------------------- 💸💸💸💸💸💸 👇 👇 👇 👇 👇 👇by TradingShotPublished 2216
TSLA: TA for tomorrow trading (10/07/2024)Price Action Current Price: $249.89 Downtrend Channel: TSLA is trading within a downward channel, with the price near the upper boundary. This suggests the price could face resistance and pull back unless there’s a breakout. Support and Resistance Levels Immediate Resistance: $250.15: The price is currently testing this resistance level. A breakout above could indicate a reversal of the current downtrend. $259.93: A stronger resistance level where price action could stall, particularly if TSLA breaks out of the descending channel. Major Resistance: $264.87-$264.86: If price momentum continues upward, this is the next key level, marked by previous highs. Immediate Support: $240.66: Immediate support, which aligns with previous price consolidation zones. A break below this level could see more downside. $237.69: Stronger support where the price bounced previously. If this breaks, a deeper retracement could occur. Major Support: $223.54: This is a key level and the lowest support shown on your chart. If price action continues downward, this level could be tested. Entry and Exit Points For Long (Buy) Position: Entry: A break and hold above $250.15 would be a signal for a potential long position. Watch for volume and momentum confirmation before entering. Target: Next resistance levels around $259.93 or up to $264.87. Stop-Loss: Place a stop-loss below $240.66 in case of a breakdown. For Short (Sell) Position: Entry: If price action fails to break $250.15 and rejects from this resistance, consider entering a short position. Target: Watch for the price to fall back to the support levels at $240.66 and $237.69. Stop-Loss: Set a stop-loss above $250.50 to limit risks in case of a breakout. Trend & Direction Bearish Bias: Currently, the stock is trading within a descending channel, indicating that the overall trend is bearish. If the price remains within the channel, expect further downside or range-bound trading. Potential Reversal: However, a breakout above $250.15 could signal a trend reversal, allowing for a bullish move toward higher resistance levels. Indicators and Volume MACD: There’s no detailed view of the MACD, but based on the chart, watch for any bullish or bearish crossovers as a potential signal for trend direction. Volume: Volume is a key factor in confirming breakouts. If you see a high volume push through $250.15, that would strengthen a bullish case. Tomorrow’s action will likely depend on how TSLA handles the $250.15 resistance. A breakout above that level could indicate more upside, while failure to break could lead to a bearish continuation.by BullBear-InsightsPublished 2213
TSLA - 1M - MACDWith the MACD turning positive on the monthly chart, Tesla is catching attention. The much-anticipated Robotaxi event this Thursday, October 10, will see Tesla unveiling its autonomous vehicle without a steering wheel, powered entirely by Full Self-Driving (FSD). Could this be the catalyst bulls have been waiting for?Longby Mike_Trading_Published 114
19R Tesla LongExpecting a move to $314. 19R to 1R risk. Very special opportunity.Longby TipsOfPipsPublished 1111
TSLA - Compressed Spring ActionTSLA does lot of fake moves, stopped trading it short term. But Today's action showing a tight move ahead, either tmrw or next week. If this takes off like expected, can see 270 easily .Longby just4tradinUpdated 1110
Tesla (TSLA) Shares Fall After ‘We, Robot’ PresentationTesla (TSLA) Shares Fall After ‘We, Robot’ Presentation On 10 October, at the Warner Brothers studio in Burbank, California, Elon Musk unveiled three products during the presentation of “We, Robot”: → Cybercab – an autonomous robotaxi that Musk claims will be produced in very large quantities. → Robovan – an autonomous bus capable of transporting 20 people or cargo, with an expected price tag of under $30,000. → Optimus Gen 2 – humanoid robots that participated in the event, with Musk showcasing a video of how Optimus can be used in home settings. Elon Musk stated that Tesla anticipates the arrival of fully autonomous vehicles without supervision in Texas and California by next year. Despite the revolutionary nature of the products presented under the Tesla brand, investors seem disappointed, as TSLA shares are trading around $225 in pre-market today, down from over $238 at yesterday's close. Technical analysis of the Tesla (TSLA) stock chart indicates that the ascending channel (marked in purple), which has guided the price upward since August, may break downward at the market open today. From a broader perspective, TSLA shares are within a wide ascending channel (shown in blue) – the bearish momentum following the “We, Robot” event could potentially push the price down to the lower boundary, further distancing it from resistance at the $260 level. Investors may reevaluate their initial reactions to the unveiled Cybercab, Robovan, and Optimus. Nonetheless, the current decline in TSLA's stock price serves as a warning ahead of the earnings report scheduled for 23 October. This article represents the opinion of the Companies operating under the FXOpen brand only. It is not to be construed as an offer, solicitation, or recommendation with respect to products and services provided by the Companies operating under the FXOpen brand, nor is it to be considered financial advice.by FXOpenPublished 115
TESLA BREAKING UP!!!! Se you all at $260'sWe have flipped a key resistance level. Long and strong now! Patience pays Longby ZelfTradeUpdated 119
TSLA for Tomorrow (11/10/2024)Key Levels: Support: $232.46 (marked as the current low). $239.68 is another significant support level based on the red line drawn. Resistance: $249.89 and $252.14 are key resistance levels indicated by the blue lines. The price is currently battling around $241.05, which can act as an immediate resistance level based on recent rejection. Volume & Indicators: The volume a spiked during market hours, but it has tapered off slightly. This suggests that while there is still activity, momentum might be slowing. MACD shows a significant dip into the negative area, which could indicate bearish momentum, but there are signs of consolidation. If this negative momentum starts reversing, it could give an indication of a potential upward move. Trend Analysis: There seems to be a downtrend forming based on the sloping white line, but the price is attempting to break out of this trend. If TSLA can break above $241.05 convincingly, it may retest $247.45 or even the higher resistance levels at $249.89. What I think is TSLA is neutral to slightly bearish outlook short term, especially if price fails to break above the immediate resistance levels. Strategy for Tomorrow: Bullish Scenario: A break above $241.05 with strong volume could signal an opportunity to go long, targeting the $247.45 level, with $249.89 as a secondary target. Bearish Scenario: If the price continues to reject at $241.05 and falls below $239.68, a potential short trade could be considered with $232.46 as the target. Neutral/Range-bound: If the price consolidates between $239.68 and $241.05, it might be best to wait for a clearer breakout before entering a position. Disclaimer: The information provided is for educational purposes only and does not constitute financial advice. Trading stocks involves risk, and you should consult with a financial advisor to determine the best strategy for your specific circumstances.by BullBear-InsightsPublished 226
TESLA Local Long! Buy! Hello,Traders! TESLA is going down now But the pair is trading in an Uptrend so we are bullish Biased and after the stock Retests the horizontal Support of 232.00$ we Will be expecting a Local bullish rebound Buy! Like, comment and subscribe to help us grow! Check out other forecasts below too!Longby TopTradingSignalsPublished 223
my levels to manage risks while trading $TSLA back to $180At Thursday night's "We, Robot" robotaxi event, Elon Musk showcased a $30,000 Cybercab he expects to start production before 2027. He also said he expects "fully autonomous unsupervised full-self driving in California and Texas next year. But he did not offer many specifics on the Cybercab or data pointing to rapid shift to self-driving. There were also little discussion of a ride-hailing service. There had been some speculation that Tesla would seek to launch a ride-hailing service, initially with human drivers.Shortby KhanhC.HoangPublished 222
TESLAhello Analysis and buy signal of Tesla stock The market is forming a top floor pattern We are a stock buyer with a loss limit of 177 and a profit limit of 500Longby ElliottwaveofficialPublished 13
TSLA: 125% gains Best Level to BUY/HOLD 🔸Hello traders, today let's review 4hour price chart for TSLA. Currently a mixed package overall with limited upside potential, I don't recommend entering any buys at current price. 🔸Ongoing accumulation since May 2023, significant lows printed in April 2023 / 2024, so I'm tagging April 2025 as a potential reversal for TSLA / bottom buying near range lows totally makes sense. 🔸Accumulation range defined by range lows at 175 usd and range highs at 255 usd. premium prices below at 145/165 and above at 280 and 305 usd. 🔸Recommended strategy bulls: expecting pullback based on measured move projection set to extend further down towards 175 usd. currently trading at 250 usd, no entries recommended on buy side. This is a trade setup for patient traders. may take more time to develop. conservative target is 350 USD, so +125% gains off the lows. 🔸Finally, check out the TSLA related story below and let me know in the comments section if you'd like to get more updates like this. Don't forget to follow/like/comment, this is much appreciated. Year 2030. Tesla coupe safely lands on Mars. Exploration mission starts in April 2030. ▪️ In this fictional tale in 2030, Tesla founder Elon Musk and his wife Grimes make a historic landing on Mars, marking a new era in space exploration. ▪️ Upon arrival, they establish a settlement called "New Teslaville," aiming to turn it into a sustainable colony for future generations. ▪️ Their first day involves setting up essential infrastructure, including solar panels, an oxygen generator, and a Mars rover. ▪️ The next day, they plant a Tesla flag on Mars, signifying humanity's first successful landing on the red planet. ▪️ On day three, Musk shares a heartfelt message about the importance of space colonization for humanity's survival. ▪️ After a successful first week, they receive a message from Earth, indicating the start of the "New Mars Era" and their status as the first Martian settlers. ▪️ The couple ends their week by enjoying the Martian sunset in a Tesla coupe. 🎁Please hit the like button and 🎁Leave a comment to support our team! RISK DISCLAIMER: Trading Futures , Forex, CFDs and Stocks involves a risk of loss. Please consider carefully if such trading is appropriate for you. Past performance is not indicative of future results. Always limit your leverage and use tight stop loss.Longby ProjectSyndicatePublished 2222220
Tesla - Breakout After Almost 4 Years!Tesla ( NASDAQ:TSLA ) is finally breaking out of the triangle pattern: Click chart above to see the detailed analysis👆🏻 After a 4 year consolidation, Tesla is finally attempting to break out of the long term bullish triangle pattern. The monthly candle still needs to close but everything is pointing towards a major move higher, with the first target being the previous all time high from 2022. Levels to watch: $250, $370 Keep your long term vision, Philip (BasicTrading)Long03:19by basictradingtvUpdated 121247
#Tesla Analysis : More Fall Ahead ? (READ THE CAPTION)By analyzing Tesla's weekly chart (logarithmic), we observe that after a correction down to $209, the price experienced renewed buying pressure and was able to climb back up to $265. Once the price reached this significant supply level again, it faced selling pressure and has, so far, corrected down to $240. I expect that if the weekly candle closes and stabilizes below $242, we may see further correction in this company's stock. Please support me with your likes and comments to motivate me to share more analysis with you and share your opinion about the possible trend of this chart with me ! Best Regards , Arman Shaban Shortby ArmanShabanTradingPublished 1121
TSLA: Last Chance to React Above Support Level! (D&W charts)In our last public study (Sep 25), we identified resistance at $265 as a key point for us, and that if a correction were to occur, the area around $233 would be our next support point. Now, we've reached our target at $265, and corrected up to our support point, according to plan. So we should update our key points. The link to our latest TSLA study can be found below this post. Daily Chart (Left): Main Resistance Level: The stock faced resistance around $265.13, which it tested multiple times and failed to break through. This level marks a critical barrier for further upward movement. Mid-Term Support Level: Tesla is currently trading around the main mid-term support at $233.60. If this support fails, it could lead to further downside momentum. Short-Term Bearish Pressure: The price has recently broken below the 21-day EMA, which could indicate a potential short-term bearish trend forming. Maintaining above $233.60 is crucial for bulls to defend this support zone. Weekly Chart (Right): Critical Resistance Zone: On the weekly chart, $265.13 is highlighted as a critical resistance, which has now formed a triple-top pattern. This pattern typically signals strong selling pressure, suggesting that a clear breakout above this level would be necessary for further bullish continuation. 21-week EMA: If TSLA fails to hold above the $233, then a pullback to the 21-week EMA will likely occur. If TSLA fails to hold above this support, then a sharper correcction to the $182 could happen, our next support level. Summary: Tesla is at a pivotal point, trading between a strong support ($233.60) and a critical resistance ($265.13). A break below $233.60 could trigger a deeper pullback towards the $182.00 area, while a successful hold and bounce from this level would keep the bullish structure intact. For the bullish scenario to regain control, a confirmed breakout above $265.13 on the weekly timeframe is required. We should monitor these key levels for the next directional move. For more detailed technical analyses and insights like this, be sure to follow my account. Your support helps me continue providing valuable content to help you make informed trading decisions. Remember, real trading is reactive, not predictive, so let's stay focused on the key points described above and only trade when there is confirmation. “To anticipate the market is to gamble. To be patient and react only when the market gives the signal is to speculate.” — Jesse Lauriston Livermore All the best, Nathan.by Nathan_BlackPublished 8