🔥 Tesla Analysis (Daily Structure) 🔥
Alright, let’s break this one down 👇
🧱 Structure Overview
Tesla’s price is currently hovering around $452, sitting right below a major resistance zone between $455 – $470 (highlighted in orange). This area has acted as a strong ceiling multiple times — every approach has been met with rejection pressure.
Below, the support floor sits clean around $420 – $425, which has been holding the range low for a while. We’re essentially trapped in a sideways consolidation box — a range between that $420 low and the $470 resistance cap.
🧭 Bias
Current structure = Neutral to Bearish
Price just wicked into resistance, showing signs of rejection. Unless we see strong follow-through above $470 with clean volume, this is likely a reaction zone for shorts.
💡 Key Zones
Resistance (Sell Zone): $455 – $470
Strong supply — expect sellers to defend this area.
Support (Buy Zone): $420 – $425
Range demand base — liquidity resting below.
🎯 Scenarios
Bearish Setup (Higher Probability for Now)
If Tesla fails to break and close above $470, look for a move back down to $420 — possibly a liquidity grab under the range. Confirmation would be bearish engulfing or a strong rejection candle from resistance.
Bullish Setup (Breakout Play)
If price cleanly closes above $470 and retests it as support, we could open the door toward $500 (measured move target). That’d be a breakout from the range and continuation of the larger bullish channel.
⚖️ Risk Management
Bears: Stop above $475 – $480
Bulls: Stop below $445 if entering after breakout retest
Keep R:R ≥ 1:2
🧠 Summary
Tesla’s in a tight range — smart money likely accumulating or distributing near these highs. Watch for rejection signs around $470 for short plays, or confirmation above it for the next leg to $500.
This is the make-or-break zone — the next move will define Tesla’s mid-term direction. ⚡️
Alright, let’s break this one down 👇
🧱 Structure Overview
Tesla’s price is currently hovering around $452, sitting right below a major resistance zone between $455 – $470 (highlighted in orange). This area has acted as a strong ceiling multiple times — every approach has been met with rejection pressure.
Below, the support floor sits clean around $420 – $425, which has been holding the range low for a while. We’re essentially trapped in a sideways consolidation box — a range between that $420 low and the $470 resistance cap.
🧭 Bias
Current structure = Neutral to Bearish
Price just wicked into resistance, showing signs of rejection. Unless we see strong follow-through above $470 with clean volume, this is likely a reaction zone for shorts.
💡 Key Zones
Resistance (Sell Zone): $455 – $470
Strong supply — expect sellers to defend this area.
Support (Buy Zone): $420 – $425
Range demand base — liquidity resting below.
🎯 Scenarios
Bearish Setup (Higher Probability for Now)
If Tesla fails to break and close above $470, look for a move back down to $420 — possibly a liquidity grab under the range. Confirmation would be bearish engulfing or a strong rejection candle from resistance.
Bullish Setup (Breakout Play)
If price cleanly closes above $470 and retests it as support, we could open the door toward $500 (measured move target). That’d be a breakout from the range and continuation of the larger bullish channel.
⚖️ Risk Management
Bears: Stop above $475 – $480
Bulls: Stop below $445 if entering after breakout retest
Keep R:R ≥ 1:2
🧠 Summary
Tesla’s in a tight range — smart money likely accumulating or distributing near these highs. Watch for rejection signs around $470 for short plays, or confirmation above it for the next leg to $500.
This is the make-or-break zone — the next move will define Tesla’s mid-term direction. ⚡️
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.