Tesla
Short
Updated

Tesla (TSLA) Bearish Harmonic Pattern – Potential Reversal at Re

276
Tesla (TSLA) 15-Minute Chart Analysis
Key Observations:
Harmonic Pattern Formation:

The chart shows a Bearish Harmonic Pattern (possibly a Gartley or Bat pattern).
The pattern completed at point X, near 235 - 236 USD, suggesting a potential reversal zone.
Bearish Rejection at Resistance:

The price reached the X-point resistance and is showing signs of rejection.
The black arrows indicate a possible move downward, confirming a bearish scenario.
Support and Resistance Levels:

Resistance Zone: Around 235 - 236 USD (where the price reversed).
Support Zone: Near 228 - 230 USD, which could be the first downside target.
Volume Consideration:

There is high volume at the bottom, which suggests previous buying pressure.
If selling pressure increases near X, it strengthens the bearish outlook.
Trade Outlook:
Bearish Scenario: If the price continues to reject at 235 - 236 USD, it could drop toward 228 - 230 USD.
Confirmation: A break below 230 USD may accelerate the decline toward 225 USD.
Invalidation: A strong breakout above 236 USD would invalidate the bearish setup and suggest further upside.
Trade active
Pattern Identified: Bearish Harmonic Pattern (likely a Gartley or Bat).
Key Resistance: 235 - 236 USD (Potential reversal zone).
Support Levels: 228 - 230 USD (first target), further downside to 225 USD possible.
Bearish Confirmation: Rejection at resistance with price failing to break above 236 USD.
Invalidation: A breakout above 236 USD would shift bias to bullish.
Trade Outlook: Watch for a breakdown below 230 USD to confirm the bearish move. 🚨📉
Trade closed: stop reached

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