Tesla: At a Crossroads – Accumulation or Breakdown?One of the most talked-about stocks right now — Tesla NASDAQ:TSLA . And for good reason. Between the constant media buzz around Elon Musk and the recent surge in vandalism against Tesla vehicles, it’s been getting plenty of attention. But I’m not here to talk politics or headlines — I’m here for the chart.
And honestly? It’s looking better than you’d think. Despite all the noise, price has held steady in the $225 to $270 range, showing signs of a sideways accumulation phase — right at the Point of Control (POC) since 2021. That’s a pretty strong area, technically speaking.
Over the next few weeks, we’re likely to get clarity:
Either we break above $350, which opens up serious upside potential,
Or we break down toward the Volume Area Low — specifically the 2024 VAL at $161.18.
The real danger zone? Below $138. If price breaks that level, we have to assume that Wave 2 isn’t done yet — even though it was originally considered complete in 2023.
Until then, the structure actually looks constructive: we’ve been putting in higher lows and higher highs since 2023, which signals a potential uptrend.
How far that uptrend goes is hard to call. But if we break and hold above $325, then a pullback toward $300–$270 could offer a clean entry opportunity.
On the flip side, yes — if the market collapses and Wave II is still unfolding, we could be staring at $175, $125, or even as low as $75–$50 in an extreme scenario. And that would be wild for a stock that once touched $485.
But that’s why it’s crucial to zoom out. Ask yourself:
What do I want from Tesla — long-term conviction or short-term plays?
Then build your view. If the macro fits, dial into the lower time frames to find your edge. The setup is building — and it’s looking like Tesla is prepping for a big move.
Question is: which direction are you positioned for?
