TSLA is testing the resistance line of a long-term consolidation wedge after bouncing cleanly off the support base.
🔍 Key Technical Highlights:
Price approaching a breakout point above the wedge's resistance.
Historical move suggests potential 93-point rally (~28%).
If breakout holds above $369, next targets lie near $410–$444.
Watch for a bullish retest for confirmation and strong entry.
📊 Structure:
Squeeze tightening into apex = volatility expansion coming.
Volume building around breakout zone.
Structure favors bullish continuation if breakout sustains.
Bias: Bullish on breakout
Breakout Trigger: Close above $369
Target Zone: $410–$444
Invalidation: Rejection back below $328–$315
#TSLA #TeslaStock #StockBreakout #PriceAction #TechnicalAnalysis #WedgePattern #OptionsTrading #SwingTrade #NASDAQ
🔍 Key Technical Highlights:
Price approaching a breakout point above the wedge's resistance.
Historical move suggests potential 93-point rally (~28%).
If breakout holds above $369, next targets lie near $410–$444.
Watch for a bullish retest for confirmation and strong entry.
📊 Structure:
Squeeze tightening into apex = volatility expansion coming.
Volume building around breakout zone.
Structure favors bullish continuation if breakout sustains.
Bias: Bullish on breakout
Breakout Trigger: Close above $369
Target Zone: $410–$444
Invalidation: Rejection back below $328–$315
#TSLA #TeslaStock #StockBreakout #PriceAction #TechnicalAnalysis #WedgePattern #OptionsTrading #SwingTrade #NASDAQ
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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.