🔍 Technical Analysis (1H Chart)
TSLA failed to hold above the mid-supply zone around 330–335, rejecting cleanly after forming what looks like a double top on the 1-hour chart — a bearish reversal pattern. Price has since made a CHoCH (Change of Character), confirming shift in market structure from bullish to short-term bearish.
We now see price hovering just above 320, which aligns with GEX and SMC support zones. Volume on the rejection candle was higher than average, confirming strong selling pressure.
A bearish BOS (Break of Structure) also aligns with the double top, adding conviction that bulls are weakening.
🧠 GEX & Options Sentiment (Options GEX Chart)
* Highest Gamma Wall (Call Resistance): 338.48
* Current Price: 325.78
* Gamma Weak Zone: 325–335
* PUT Wall (Support): 300
* IVX avg: 51.5 (neutral/low vol), IVR: 6.2
* Call/Put Sentiment: Balanced — Calls: 49.5%
GEX sentiment shows TSLA is pinned in a gamma transition zone, stuck between heavy resistance above and decent put support near 300–310. That’s your battlefield.
🎯 Trading Scenarios (1H View – Swing)
Bearish Setup
* Entry: Below 319 confirmation
* Target 1: 310
* Target 2: 300 (GEX put support)
* Stop: 326 (above CHoCH zone)
* Bias: 🔻 Until demand zone or reclaim of 330
Bullish Reclaim Scenario
* Entry: Above 330 with volume
* Target: 338 then 345
* Stop: 324
⚡ 15 Min Intraday Scalping Outlook
* Bias: Bearish unless reclaim 326+ with strong volume
* Expect short-term bounces off 315 or 310 for scalp CALLs
* VWAP resistance will be key intraday
* Keep an eye on MACD crossover + OB (Order Block) entries on micro pullbacks
🎯 Suggested Options Play
For Bearish Move (if 319 breaks):
* 🛑 Buy TSLA Aug 2 PUT 320 or 315
* 🎯 Target IV expansion near 305
* Tight stop — re-evaluate above 326
For Bounce from 310–315 Zone:
* 🎯 Buy TSLA Aug 2 CALL 320 if strong reversal + OB entry
* Scale out near 325–328
* Risk defined: below 310
🔚 Summary
TSLA shows weakness after forming a double top and CHoCH at the 330–335 level. Gamma levels suggest pressure toward 310–300 unless bulls defend fast. Watch the reaction at 319–320 for short entry, or at 310–315 for scalping bounce setups.
Disclaimer: This analysis is for educational purposes only. Always do your own research and manage risk accordingly.
TSLA failed to hold above the mid-supply zone around 330–335, rejecting cleanly after forming what looks like a double top on the 1-hour chart — a bearish reversal pattern. Price has since made a CHoCH (Change of Character), confirming shift in market structure from bullish to short-term bearish.
We now see price hovering just above 320, which aligns with GEX and SMC support zones. Volume on the rejection candle was higher than average, confirming strong selling pressure.
A bearish BOS (Break of Structure) also aligns with the double top, adding conviction that bulls are weakening.
🧠 GEX & Options Sentiment (Options GEX Chart)
* Highest Gamma Wall (Call Resistance): 338.48
* Current Price: 325.78
* Gamma Weak Zone: 325–335
* PUT Wall (Support): 300
* IVX avg: 51.5 (neutral/low vol), IVR: 6.2
* Call/Put Sentiment: Balanced — Calls: 49.5%
GEX sentiment shows TSLA is pinned in a gamma transition zone, stuck between heavy resistance above and decent put support near 300–310. That’s your battlefield.
🎯 Trading Scenarios (1H View – Swing)
Bearish Setup
* Entry: Below 319 confirmation
* Target 1: 310
* Target 2: 300 (GEX put support)
* Stop: 326 (above CHoCH zone)
* Bias: 🔻 Until demand zone or reclaim of 330
Bullish Reclaim Scenario
* Entry: Above 330 with volume
* Target: 338 then 345
* Stop: 324
⚡ 15 Min Intraday Scalping Outlook
* Bias: Bearish unless reclaim 326+ with strong volume
* Expect short-term bounces off 315 or 310 for scalp CALLs
* VWAP resistance will be key intraday
* Keep an eye on MACD crossover + OB (Order Block) entries on micro pullbacks
🎯 Suggested Options Play
For Bearish Move (if 319 breaks):
* 🛑 Buy TSLA Aug 2 PUT 320 or 315
* 🎯 Target IV expansion near 305
* Tight stop — re-evaluate above 326
For Bounce from 310–315 Zone:
* 🎯 Buy TSLA Aug 2 CALL 320 if strong reversal + OB entry
* Scale out near 325–328
* Risk defined: below 310
🔚 Summary
TSLA shows weakness after forming a double top and CHoCH at the 330–335 level. Gamma levels suggest pressure toward 310–300 unless bulls defend fast. Watch the reaction at 319–320 for short entry, or at 310–315 for scalping bounce setups.
Disclaimer: This analysis is for educational purposes only. Always do your own research and manage risk accordingly.
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.
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.