🔻 Bearish Move Incoming? 🔻
🧠 Technical Breakdown: Tesla (TSLA) has formed a Descending Triangle pattern on the 4H chart — a classic bearish continuation signal. The lower support has been broken, and sellers are taking control!
📍 Key Insights:
◾ Pattern: Descending Triangle – strong bearish setup.
◾ Breakdown Triggered: Support level breached at $223.50
◾ 200 MA Rejection: Bearish momentum confirmed.
◾ Target Zone: $103.00 – next key demand level.
🎯 Trade Setup:
🔴 Entry: $220.00 (post-breakdown confirmation)
🟢 Stop Loss: Above $247.94 (recent high inside the triangle)
🎯 Target: $103.00 – strong support and potential take-profit zone
⚠ Pro Tip: Watch for a potential retest of the breakdown level before entering short — stay cautious of false breakouts!
🔥 Final Thoughts: TSLA is showing strong bearish momentum with this Descending Triangle breakdown. If the selling pressure persists, $220 could be reached soon. Trade smart and manage your risk!
🧠 Technical Breakdown: Tesla (TSLA) has formed a Descending Triangle pattern on the 4H chart — a classic bearish continuation signal. The lower support has been broken, and sellers are taking control!
📍 Key Insights:
◾ Pattern: Descending Triangle – strong bearish setup.
◾ Breakdown Triggered: Support level breached at $223.50
◾ 200 MA Rejection: Bearish momentum confirmed.
◾ Target Zone: $103.00 – next key demand level.
🎯 Trade Setup:
🔴 Entry: $220.00 (post-breakdown confirmation)
🟢 Stop Loss: Above $247.94 (recent high inside the triangle)
🎯 Target: $103.00 – strong support and potential take-profit zone
⚠ Pro Tip: Watch for a potential retest of the breakdown level before entering short — stay cautious of false breakouts!
🔥 Final Thoughts: TSLA is showing strong bearish momentum with this Descending Triangle breakdown. If the selling pressure persists, $220 could be reached soon. Trade smart and manage your risk!
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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 Telegram Channel Now
t.me/JosProTrader
📢 Get Daily High-Accuracy Signals for Forex, Gold & Crypto
💰 Consistent Profits | Real-Time Alerts | Pro Strategies
t.me/JosProTrader
📢 Get Daily High-Accuracy Signals for Forex, Gold & Crypto
💰 Consistent Profits | Real-Time Alerts | Pro Strategies
Related publications
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.