The Trust Layer for Market Analysts

The analysis focuses on Tesla (TSLA) using weekly and daily charts. The primary trend appears to be bearish, with price action contained within descending channels. Key resistance levels identified include 451.62, 446.78, and a long-term channel resistance around 543.45. Key support levels and potential buy zones are noted at 364.72, 356.99, and a longer-term channel bottom around 316.80. A Fibonacci retracement of 61.8% is observed at 381.61, serving as a significant pivot. The current analysis suggests a potential bullish reversal from the 356.99 support level, aiming for targets at 379.76-381.61, then potentially 413.91, and eventually 442.85 within a one to three-week timeframe. A failure to hold above 413.91 or a breakdown below 370.90 would invalidate the bullish short-term outlook, while a close below 356.99 on the weekly chart would indicate a continuation of the bearish trend towards 226.10.