TSLA’s 1D chart has shifted from a clean uptrend into a clear corrective phase. After a strong run into the $475 area, price printed a potential Double Top and then rolled over, breaking the neckline around $410 alongside a bearish Market Structure Shift. Price now sits below the 20 and 60-day MAs while still above the rising 120-day MA, framing this as a short-term bearish move within a longer-term uptrend.
The primary path favors further downside as long as TSLA stays capped below the $410–416 neckline zone and the $420 reclaim level. A daily close below the recent swing low at $385 would confirm continuation, opening room toward the $373 area and the 120-day MA support near $369, with an extended downside magnet around $360–345 if selling accelerates. MACD turning negative and increasing downside Squeeze Momentum both align with this bias.
If buyers manage to reclaim $420 on a daily close, that would threaten the bearish thesis by taking price back above the neckline and the 60-day MA. Such a squeeze could fuel a move toward $460 and potentially a retest of the $475 supply zone. Until that happens, rallies into $405–416 remain vulnerable to rejection.
Thought of the Day 💡: The strongest trade ideas start with a precise invalidation, not a prediction.
This is a study, not financial advice. Manage risk and invalidations.
-------------------------
Thanks for your support!
If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts!
The primary path favors further downside as long as TSLA stays capped below the $410–416 neckline zone and the $420 reclaim level. A daily close below the recent swing low at $385 would confirm continuation, opening room toward the $373 area and the 120-day MA support near $369, with an extended downside magnet around $360–345 if selling accelerates. MACD turning negative and increasing downside Squeeze Momentum both align with this bias.
If buyers manage to reclaim $420 on a daily close, that would threaten the bearish thesis by taking price back above the neckline and the 60-day MA. Such a squeeze could fuel a move toward $460 and potentially a retest of the $475 supply zone. Until that happens, rallies into $405–416 remain vulnerable to rejection.
Thought of the Day 💡: The strongest trade ideas start with a precise invalidation, not a prediction.
This is a study, not financial advice. Manage risk and invalidations.
-------------------------
Thanks for your support!
If you found this idea helpful or learned something new, drop a like 👍 and leave a comment, I’d love to hear your thoughts!
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Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.