Technical Analysis – TSLAChart Summary:
Current Price: ~$349.21
Local Top: ~$357.53 (100% Fib extension)
Bearish Rejection: Notable wick + retrace from 0.886–1.0 zone
Probable Pullback Zone: 343.00–338.50 (Fibonacci 0.618–0.5 retracement)
Major Support Levels:
$334.50 – Prior key horizontal + Fib confluence
$311.62 – Historical demand zone
Projection:
Intraday double-leg correction toward $338–$343
Possible bounce and continuation toward the golden target zone:
$366.47 (1.236 Fib)
$374.16–$380.95 (1.618 zone)
🌍 Macro Alignment
Bullish backdrop:
Tech sector leading broader rally
Tesla’s robotaxi and AI narrative lifting sentiment
Oil down → margin relief for EV production
Catalysts this week: Powell testimony, PCE inflation
📈 Trading Plan
Type Direction Entry Target(s) Stop Loss Confidence
Intraday Bearish $352–$353 rejection zone $343 → $338.5 Above $357.5 🔶 Medium
Swing (Buy the dip) Bullish $338–$334 zone $366.47 → $374.16 Below $330 🟢 Strong
📌 Suggested Strategy
Scalp short if rejection at $353.2–$357.5 confirms with bearish candle on volume.
Add long exposure if price consolidates or reverses from the $338–$334.5 support area.
Monitor Powell’s remarks – Any dovish tilt could accelerate tech upside.
TSLA sentiment remains strong, but intraday shakeouts are expected.
✍️ Summary Signal
“TSLA remains bullish on a swing basis, but intraday looks set for a Fibonacci pullback to $338–$334. Buy dips if structure holds. Macro backdrop (robotaxi + Fed pause) supports continuation to $366–$374.”
