Tesla (TSLA) – A Familiar Pattern Emerging?
Tesla (TSLA) – A Familiar Pattern Emerging?
The broader market has been undeniably volatile, but in times like these, I always come back to one of my favorite trading mantras: “When in doubt, zoom out.”
Looking at Tesla’s 4-hour chart, a compelling setup is unfolding. We can observe a repeating cyclical pattern forming, with what appears to be the third phase of this sequence now on the horizon. Notably, RSI is at oversold levels, historically signaling potential reversals in Tesla’s price action.
One key takeaway: TSLA has shown a tendency to break out aggressively from similar conditions in the past—especially when accompanied by a catalyst. Whether it’s a fundamental news event or a technical breakout, this could be the moment where the stock makes a decisive move.
A key level to watch? A breakout above [specific resistance level] could confirm momentum, while holding [specific support level] may be crucial for bulls.
⚠️ As always, this is NOT financial advice—just my own observations and analysis.
Good luck and trade smart!
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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.