TESLA – Daily Technical Outlook
Market Structure
Tesla remains under corrective pressure following its rejection from the $490–$500 region. The broader structure on the daily timeframe shows a transition from bullish expansion into a medium-term consolidation phase, with price now trading below key moving averages.
After the sharp decline toward the $400 area, TSLA staged a rebound but failed to reclaim previous highs, forming lower highs on the 4H and daily charts. The recent pullback toward the $415–$420 region signals weakening upside momentum and a potential continuation of the corrective structure.
Key Resistance Zone
The nearest resistance stands at $425 – $432, where recent rebounds stalled and short-term supply remains active.
Additional resistance levels:
- $445
- $470 – $480 (major structural resistance zone)
As long as Tesla trades below $432, upside attempts are likely to face renewed selling pressure.
Key Support Zone
Immediate support lies at $410 – $415, a short-term reaction zone visible on lower timeframes.
A breakdown below $410 would expose deeper downside targets:
- $400 (psychological support)
- $385 – $390 (major structural support)
A sustained move below $385 would significantly weaken the broader structure and confirm a deeper corrective phase.
Expectations
Bearish Scenario (Primary)
Momentum currently favors further consolidation or downside continuation while price remains below $432.
A break below $410 could accelerate selling pressure toward $400, with potential extension toward $385.
Bullish Scenario (Alternative)
A sustained recovery above $432 would be the first signal of renewed bullish strength, opening the door toward:
- $445
- $470 – $480
Only a decisive break above $480 would reestablish a strong bullish continuation structure.
Outlook
Tesla is currently in a corrective phase following its rejection from higher levels. Sellers maintain short-term control below $432, and failure to hold $410 could trigger further downside pressure. A strong reclaim of resistance levels is required to restore bullish dominance, while continued weakness favors a move toward deeper support zones.
